kbred kbred
  • 04-02-2021
  • Mathematics
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Banking question please help

Banking question please help class=

Respuesta :

natocmark natocmark
  • 04-02-2021

Answer: So 11 is $14560.63

Step-by-step explanation: Using the continously compounded interest equation and keep in mind that monthly for 4 years is 48 months so thats rate of time and 5.2% is 0.052 as a number

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Аноним Аноним
  • 04-02-2021

Answer:

Step-by-step explanation:

11. [tex]A=1200(1+\frac{0.052}{12} )^{48}[/tex]

       =$ 1476.79(nearest cent)

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