anonymous
  • anonymous
FAN AND MEDAL: Please Help You decide to put $175 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 3% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds? 8.0111 years 96.1332 years 93.2914 years 94.8377 years
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
@Albany_Goon @Afrodiddle @asib1214 @AngusV @Ali0094 @henrry123 @lex.mcgrew @LunyMoony @Legends @batman19991 @Elsa213 @EmilyD22 @misssunshinexxoxo @Keegangrace @Nicoleegilmoree @nincompoop
anonymous
  • anonymous
@paki
anonymous
  • anonymous
@Poppies @shadow13 @samanthagreer @spacemountain

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

batman19991
  • batman19991
umm idk sorry you might want to try mathway.com
anonymous
  • anonymous
94.8
anonymous
  • anonymous
because $175 * (1.0025)^N = 3000 1.0025^N=17.1429 N(ln1.0025)=ln17.1429) N= 1138 months and 1138 months = 94.8 years
anonymous
  • anonymous
Can you please help me with one more @Albany_Goon
anonymous
  • anonymous
yea open another question

Looking for something else?

Not the answer you are looking for? Search for more explanations.