Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Azaria invests $6670 in a savings account with a fixed annual interest rate 3% compounded monthly. What
will her account balance after 6 years? (Round to the nearest hundredths)
There will be [a] in the account after 6 years.

Sagot :

Answer: 7983.65

Step-by-step explanation:

Equation:

A = P ( 1 + r/n)^nt

R : r/100 : 3% : 0.0.3

A = 6670( 1 + ( 0.03/12) : ^12(16)

A: 6670( 1 + 0.0025)^(74)

Put this on calculator

A = 7983.65

Hope this help.

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.