Register

Rick invest $5,830 into a retirement saving account. The account compounds at 3.2% monthly for. How much money will Rick have in 4 years? Show work. Use comma and dollar signs i…

Rick invest $5,830 into a retirement saving account. The account compounds at 3.2% monthly for. How much money will Rick have in 4 years? Show work. Use comma and dollar signs i…
asked 174k views
2 votes
Rick invest $5,830 into a retirement saving account. The account compounds at 3.2% monthly for. How much money will Rick have in 4 years? Show work. Use comma and dollar signs in the final answer.

asked
User Hkanjih
by
8.4k points

1 Answer

6 votes

Answer:

$746.24

Explanation:

3.2/100 = 0.032

5,830 X 4 = 23,320

23,320 X 0.032 = 746.24

answered
User Mark Spangler
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!