radomes.openskiesproject.org
sjessica415 sjessica415
  • 02-02-2017
  • Mathematics
Answered

Can someone help me with this question? Thanks!

How much compound interest will an account of $12,000 bear after 6 years at 3.2% APR, compounded annually? (Hint: Use the formula for annual compound interest.) $2,496.38

$14,496.38

$1,896.38

$496.38

Verified Answer :

wolf1728
wolf1728 wolf1728
  • 02-02-2017

Total = Principal (1 + rate)^years
Total = 12,000 (1.032)^6
Total = 12,000 *



1.208031291




Total =



14,496.38





Answer Link

Related Questions

what substance dissolves more steadily in gasoline
Proteins that tag pathogens for destruction by immune cells are called A antibodies B antigens C histamines D interferons
how can adding doubles help you to multiply by 2 give an example
Read the excerpt from Queen Elizabeths Response to Parliaments Request That She Marry For I assure you what credit my assurance may have with you I cannot tell
Read the following sentence decide if the italicized adverb modifies a verb adjective or adverb my dog is really small
Which character relationship in the tempest is the best depiction of linguistic imperialism
give an example of a rule for a pattern list a set of numbers that fit the pattern
When it came to weapons the fourteen points plan called for
in the importance of being earnest why does gwendolen always travel with her diary
if you start at 645 and end at 328 how long is it between