Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. use the compound interest formula to find the acco

Use the compound interest formula to find the account balance A where P is principal...

50.1K

Verified Solution

Question

Basic Math

image

Use the compound interest formula to find the account balance A where P is principal r is interest rate n is number of compounding periods per year t is time in years and account balance P T compounded 1 1 59 473 22 Quarterly 82 t The account balance is approximately Simplify your answer Type an integer or decimal rounded to two decimal places as needed

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Programming
1.2K views

You are creating an enhanced entity relationship model for a campus information system. A junior team member...

Basic Math
1.2K views

Determine the rate of change of f(x) = x/x-3 on the interval -5? x ?10Enter...

Accounting
1.2K views

PLEASE HELP IN ANSWERING H2 Comprehensive Accounting Cycle Review 11-2 (Part Level Submission)...

Accounting
1.2K views

Please prepare Cost-Volume-Profit (CVP) calculations for a small business, reflect on those calculations, and make...

Accounting
1.2K views

what is the maturity value of a $11120 loan that has an duration of 28...

Accounting
1.2K views

there are a total of 6 journal entries. been stuck on this question for a...

Accounting
1.2K views

Nike owns equipment that cost $94,700 with accumulated depreciation of $64,800. Nike asks $35,300 for...

Accounting
1.2K views

Mason Company provided the following data for this year: Required: 1. Prepare a schedule of...

Accounting
1.2K views

During May, Hatch Company accumulated 650 hours of direct labor costs on Job 200 and...

Accounting
1.2K views

please answer the last question as soon as possible Culver Restaurant's gross payroll for...

Finance
1.2K views

An investor invests in four different markets with the following beta's and weighting: Subsidiary Percentage...

Finance
1.2K views

You are investing in a straddle with the strike price X $110. Call premium C...