Question 1178972: You deposit $4000 in an account earning 4% interest compounded monthly. How much will you have in the account in 15 years? Round to the nearest cent. Use this compound interest formula: A=P (1+r/n)^nt
Answer by ikleyn(52756)   (Show Source):
You can put this solution on YOUR website! .
You deposit $4000 in an account earning 4% interest compounded monthly. How much will you have in the account in 15 years?
Round to the nearest cent. Use this compound interest formula: A=P (1+r/n)^nt
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Hello, you are given the formula.
It assumes, that YOU (not the tutor) substitute the value into the formula and will compute the answer.
Do you have difficulties with it ?
Or you simply want the tutors work performing your duties, instead of you?
Please answer.
Excuse me, I do not like visitors/(so called "students"), who, instead of doing THEIR routine job silently,
have only one wish to seat at the neck of the tutors --- for free.
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To see a million similar (and different) solved problems (yours TEMPLATES), look into the lessons
- Compound interest percentage problems
- Problems on discretely compound accounts
in this site, and learn the subject from there.
After reading these lessons, you will tackle such problems on your own without asking for help from outside.
Also, you have this free of charge online textbook in ALGEBRA-I in this site
- ALGEBRA-I - YOUR ONLINE TEXTBOOK.
The referred lessons are the part of this online textbook under the topic "Logarithms".
Save the link to this online textbook together with its description
Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson
to your archive and use it when it is needed.
Happy learning (!)
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