107 819
Assignments Done
100%
Successfully Done
In February 2025
In February 2025
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming
Answer to Question #71619 in Financial Math for Lee
Question #71619
brad invest $1500 in an account paying 3.5% compounded monthly. How much is in the account after 7 months
Expert's answer
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.
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.
Learn more about our help with Assignments: Math
Comments
Leave a comment