Solution
Joann invested 43, 700 at 12% to be compounded monthly. What will be the value of Joann's investment in 4 years? Round your answer to the nearest cent, if necessary.
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
Twice a number added to 13 is equal to 27. What is the number?The product of two consecutive odd integers is equal to 30 more than the first. Find the integers.one less than four times a number is 11Susan loaned Adam 7550 at an interest rate of 15% for 3 years. How much will Adam pay Susan at the end of 3 years? Round your answer to the nearest cent, if necessary.a number divided by-9 is-16