Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. which equation would you use to find the amount of

Which equation would you use to find the amount of money you have if 700...

60.1K

Verified Solution

Question

Algebra

image

Which equation would you use to find the amount of money you have if 700 is invested at an interest rate of 5 75 compounded monthly for 25 years Compound Interest Formula A P 1 n O A 700 1 A 0 0575 700 1 0 575 25 700 1 12 25 25 A 700 1 0 0575 0 0575 12 12 25

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

Finance
1.2K views

Draw a chart and explain in words what is expected to happen to the New Zealand...

Basic Math
1.2K views

Let the following ODE be given. Let x be a real number. xy"+(1-x)y' = (k-1/2)y Give an explict...

Physics
1.2K views

A 1.5 kg ball is thrown vertically upward with an initial speed of 15 m/s. If...

Biology
1.2K views

On his voyage Darwin made observations about various living organisms One specific or ganism that...

Basic Math
1.2K views

Suppose random variable Xhas normal distribution with mean 10 and standard deviation 2 Then the...

Statistics
1.2K views

Directions For each question below please select the technique that most closely matches the description...

Statistics
1.2K views

Suppose you model a game of chance with a discrete probability distribution Let X be...

Algebra
1.2K views

Now fill in Start 0 82 0 18 0 90 0 10 0 08 0...

Accounting
1.2K views

Accounting for cash flow hedge of the forecasted sale of a commodity inventory Assume that...

Accounting
1.2K views

The Gonzalez Group issued $830,000 of 9% bonds on June 30,2024 , for $912,141. -...

Accounting
1.2K views

According to the historical cost principle, assets should be recorded in the books of account...

Finance
1.2K views

A $1,000 bond has a coupon of 7 percent and matures after twelve years. Assume...