PowerBull PowerBull
  • 07-02-2020
  • Business
contestada

How much money will you have when you invest $1,000 at 12% interest rate for 48 years

Respuesta :

nwabekesandra11 nwabekesandra11
  • 11-02-2020

Answer:

12÷100=0.12

0.12x$1000=120 per month

12months x48years=576 months

576x120=$69120

Explanation:

Answer Link

Otras preguntas

Find the period of revolution for the planet Mercury, whose average distance from the Sun is 5.79 x 1010 m.
Match the character to his or her quote. 1. Juliet. What, drawn, and talk of peace! I hate the word. 2. Mercutio.
what is the central reasoning of the declaration of independence
Conflict with foreign powers in the early years of the United States would lead to war with
A trucking company sold its fleet of trucks for $56,300. The trucks originally cost $1,471,000 and had Accumulated Depreciation of $1,282,000 recorded through t
Which of the following best describes the following characteristics: water storage, clean energy, and flood prevention? positive impact of a density-dependent l
what is 24 divided by 325
What is Negative 2 (3 x + 12 y minus 5 minus 17 x minus 16 y + 4) simplified?
Combine these radicals. 3 square root 2 -5 square root 2
Which function has real zeros at x = 3 and x = 7? f(x) = x2 + 4x - 21 Cf(x) = x2 - 4x - 21 Cf(x) = x2 - 10x + 21 f(x) = x2 - 10x - 21