brad invest $1500 in an account paying 3.5% compounded monthly. How much is in the account after 7 months
1
Expert's answer
2017-12-10T07:44:06-0500
The formula for compound interest is S = P*(1 + r/n)^(nt). If Brad invests $1500 in an account paying 3.5% compounded monthly, then after 7 months he will have S = 1500*(1 + 0.035/12)^7 = $1530.89.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment