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
A restaurant sells drinks in 3 sizes of cups: small, medium, and large. The small cup costs $.89 and holds 9 ounces. The medium cup costs $1.29 and holds 12 ounces. The large cup costs $1.59 and holds 15 ounces.
Answers (1)
T A pizza delivery takes 30 minutes on average to complete. Given that the standard deviation for this task is 3 minutes and the times for completing this task are normally distributed, what is the probability that on any given day it will take 24
Answers (1)
5 pounds of avacado a costs $9 what is the cost for 1 pound of avacados
Answers (2)
Find the area of the shape shown below. 7 3 and 3
Answers (1)
Check all of the ordered pairs that satisfy the equation below y equals 2 / 3 x
Answers (1)
New Questions in Mathematics
H (t) = - t + 3; Find h (-5)
Answers (2)
A downhill skier is traveling at a rate of 0.5 mile per minute. how far will the skier travel in 18 minutes?
Answers (2)
What is the highest factor of 15 and 20
Answers (1)
Three families bought 7 pounds of oranges back from vacation in Florida to share. How many pounds of oranges did each family get
Answers (2)
Krissy has 3 arrows. the probability of her hitting the target is 2/5. what is the probability that she will get at least on arrow on the target?
Answers (1)