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

Algebra. View the picture and help please..

Which expression forms an equation with the given expression? 8 • 7 – 4 = ___________ (Points : 1) (2 + 9) • 2 10 • 3 – 6 9 • 5 + 7

A carpenter needs to make 60 dowels. Each dowel must be 6 inches long. The wood from which the carpenter will cut the dowels comes in 4-foot lengths. What is th

How do you know the wave is a mechanical wave?

What are 3 prime numbers that add up to 100

Why are nutrients from fertilizer harmful to aquatic ecosystems? They cause an increase in fish populations. The increase in algae population reduces oxygen in

What is 0.001 as a percent

A prism has a surface area of 75 feet. Which sentence describes the effect of measuring the surface area in square inches. a. surface area decreases. b. the sur

Why do we call the land Mesopotamia

use the Distributive property to rewrite each expression in it's equivalent form -7y(4-y) please show your work !! hello students from all over the world ! ple