Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kaily deposited $ 1,148.79 into an account that pays 10.4% interest compounded monthly for 14 months, how much money will be in the account after

Kaily deposited $ 1,148.79 into an account that pays 10.4% interest compounded monthly for 14 months, how much money will be in the account after 14 months?
a) Write the principal, P = b) Write the interest rate (decimal form, do not round), r = c) Write the period, n = d) Write the time (years to one decimal place), t = Answer for part 4 years Answer the question: Round the answer to TWO decimal places. DO NOT type the $ symbol In the account there will be $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cryptocurrency And The New Black Wall Street A Beginner S Guide To Cryptocurrency Investing

Authors: Michelle Lilly Msc ,Xavier Odili Md

1st Edition

1639015221, 978-1639015221

More Books

Students also viewed these Finance questions

Question

Explain the different types of marketing strategies.

Answered: 1 week ago

Question

Explain product positioning.

Answered: 1 week ago

Question

Explain Industrial market segment.

Answered: 1 week ago