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Substitute the values to calculate the compound interest. Principal: $90,000.00 time: 10 years rate: 6% number of compounding periods per year: 12 What is the total amount accru…

Substitute the values to calculate the compound interest. Principal: $90,000.00 time: 10 years rate: 6% number of compounding periods per year: 12 What is the total amount accru…
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3 votes
Substitute the values to calculate the compound interest.

Principal: $90,000.00

time: 10 years

rate: 6%

number of compounding periods per year: 12

What is the total amount accrued? (principal and interest)

Round the answer to the nearest cent.

asked
User Magma
by
7.6k points

1 Answer

2 votes

Answer:

163,746

Explanation:

T= 90,000(1+0.06) ∧120/12

answered
User Ophir Prusak
by
7.9k points
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