07-06-2016
Mathematics

Answered

You decide to put $100 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds?

170.202 years

14.3129 years

171.755 years

168.354 years

Verified Answer :

SatanLovesYou SatanLovesYou

14-06-2016

It would take 171.755 years to reach three thousand dollars

Answer Link

Related Questions

At a sporting event the price for 3 cheeseburgers and 2 cups of lemonade is 14 and the price for 2 cheeseburgers and 4 cups of lemonade is 12 How much does it c

What is the arc length when θ and the radius is 7 cm 5 points

What is the difference between the African and Filipino family

Am I right Will brainliest and thanks

what is a change in a gene called

What was the writing script of ancient Egypt called A cuneiform B hieroglyphics C papyrus D pictures

a concrete stepping stone meASURes 20 inch square What is the area of 30 such tiles

During the reformation what religion was dominant in Sweden

In McCulloch v Maryland the Supreme Court ruled that state law A could create a state bank B could not override federal law C required the federal bank to pay t

Using Vernier Callipers the diameter of a brass metal bob the bob is determined as 196 cm and the mass is 2995 g Find the density to correct significant figures

Web Analytics