baddestkitkat
baddestkitkat baddestkitkat
  • 11-12-2019
  • Mathematics
contestada

SHOW WORK PLEASEEE 18 POINTS
How much interest does $1 ,000,000 earn in one year at 6.3% interest, compounded every month

Respuesta :

aeludlow430
aeludlow430 aeludlow430
  • 11-12-2019

Answer:1,587,301.587 final

48,941 per month

Answer Link
zueraarahman zueraarahman
  • 11-12-2019

Answer:

interest rate=6.3%

amount of money =1000000

Total interest

paid per month

[tex]amount \: of \: money \times \frac{interest \: rate}{100} [/tex]

= $63,000

per year = $756,000

Answer Link

Otras preguntas

I NEED HELP ASAP PLEASE! 20 POINTS! ​
7 1/2 divided by 1 2/3
Which of the following best describes tenements in New York City in the early 1900s? A) crowded and unsanitary apartment buildings where two-thirds of the city'
What development in operating systems happened between the years 1990 and 2000?
A new club sent out 301 coupons to boost sales for next year's memberships. They provided 6 times as many to potential members than to existing members. How man
What power does monarchy have?
PLEASE HELP ME !!!!!
Was the georgia colony successful in meeting the initial mercantilist goals of its founders?
in exercises 15-20 find the vector component of u along a and the vecomponent of u orthogonal to a u=(2,1,1,2) a=(4,-4,2,-2)
MELISSA WROTE AN INTEGER. THE OPPOSITE OF HER INTEGER IS -67. WHICH OF THESE STATEMENTS ABOUT GEORGES INTEGER MUST BE TRUE? The integer is 67. The integer has