Alexander's parents are saving for his college fund. They Which formula would be used for this situation
put $8,000 into an interest-bearing account with an
A = (8,000 + 0.045) 12
annual compound interest rate of 4.5%.
A = 8,000 (1 + 0.045) 12
Alexander's parents want to determine what the balance
of his college fund account will be after 12 years.
A = 8,000 (1 + 0.12) 4.5
A = 8,000 - 0.045 - 12
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Alexander's parents are saving for his college fund. They Which formula would be used for this situation put $8,000 into an ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Write a number that is 100 more than 276
Answers (1)
The total number of seats in an auditorium is modeled by f (x) = 2x² - 12x, where x represents the number of rows of seats. How many rows are there in the auditorium if it has a total of 320 seats? Show work and explain how you got your answer
Answers (1)
Write an inequality for the following statement : "you have to be at least 18 years old to vote. "
Answers (2)
A scalene triangle has three congruent sides. true or false
Answers (1)
Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease. y = 74 (1.848)
Answers (1)
New Questions in Mathematics
A chocolate bar is made up of 12 equal pieces. Antony ate 3/4 of a chocolate bar. Jacoby ate ⅔ of a chocolate bar of the same size. Antony said that he ate more chocolate than Jacoby.
Answers (1)
2 divided by what equals 20
Answers (2)
I am a product, one of my factors is 7, the sum of my factors equals 11, what number am I
Answers (1)
One month Boris rented 2 movies and 5 video games for a total of $33. The next month he rented 8 movies and 3 video games for a total of $30. Find the rental cost of each movie and you each video game.
Answers (1)
19038 times 8975765yud
Answers (1)