subject
Mathematics, 06.12.2021 18:40 datboyjulio21

Stanley opened a savings account and deposited $1,000.00 as principal. The account earns 12% interest, compounded annually. What is the balance after 8 years? Use the formula A=P ( 1+ r n )^ nt, where A is the balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years.

Round your answer to the nearest cent.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 14:30
Geometry: determine whether segment mn is parallel to segment kl. justify your answer. jm 6 mk 3 jn 8 nl 4
Answers: 3
question
Mathematics, 21.06.2019 19:00
Tabby sells clothing at a retail store, and she earns a commission of 6.25% on all items she sells. last week she sold a pair of jeans for $32.50, a skirt for $18.95, and 2 blouses for $14.95 each. what was tabby's total commission? a $4.15 b $5.08 c $81.35 d $348.60
Answers: 1
question
Mathematics, 21.06.2019 21:00
The ph level of a blueberry is 3.1 what is the hydrogen-ion concentration [h+] for the blueberry
Answers: 2
question
Mathematics, 21.06.2019 21:30
Plz ( true - false) all triangles have interior angles whose measure sum to 90.
Answers: 2
You know the right answer?
Stanley opened a savings account and deposited $1,000.00 as principal. The account earns 12% interes...
Questions
Questions on the website: 13722363