Max invests $1200 in account that pays 3.75% compounded monthly. How much will he have in 25 years?

Question

Max invests $1200 in account that pays 3.75% compounded monthly. How much will he have in 25 years?

in progress 0
Kim Chi 4 years 2021-08-12T16:12:46+00:00 1 Answers 11 views 0

Answers ( )

  1. thuthao
    0
    2021-08-12T16:13:57+00:00
    Reply

    I think 13500 because 1200x 3.75% is 45. So that’s 45 a month. Then 45 x 12 is 540. So that’s 540 a year. So time 540 by 25 and that is 13500. I don’t really know Cause I haven’t learned about percentage that much but hopefully it’s right

Leave an answer

Browse

Giải phương trình 1 ẩn: x + 2 - 2(x + 1) = -x . Hỏi x = ? ( )