johnrichardpastranat johnrichardpastranat
  • 04-05-2022
  • Mathematics
contestada

Find the compound amount and interest if Php. 400,000 is invested at 8 %, compounded quarterly for 5 years and 6 months?

Respuesta :

jsimpson11000 jsimpson11000
  • 10-05-2022

Answer:

618 391 .87

Step-by-step explanation:

5 years 6 months = 22 quarters

8% = .08      .08/4 = .02 interest per period

400 000 ( 1 + .02)^22 = 618 391.87

Answer Link

Otras preguntas

8x = 60 . What does X equals?​
Need help ASAP I really need help reviewing this!! Making sure if I have the correct answer !!!
Abbi and her 9 friends want to split up 30 math questions evenly how many Math question each person will solve?
warn me again i dont care
Please Help/Easy Question/ Will Mark Brainliest/ 30 Points Use a net to find the area of the entire surface of the solid.​
HELP NEEDED PLEASE HELP There were some apples in a box. 12% of the apples were rotten. There were 36 rotten apples in the box. How many apples were there in th
Which statement best describes this young man’s point of view?
Can somebody help please ? Thanks I’m advance !
24 divided my 6 + 4 to the power of 2
The population of a city is 250,000 and the annual growth rate is 2.2% Write an equation to model the population y after x years.