Mathematics, 15.04.2021 16:30, cici86

3. Mandy made monthly deposits of $300 into a savings account for two years. The account provided her with an interest rate of 3.5% compounded
monthly. She then left her money in the account to grow at 2.5%
compounded quarterly for an additional three years. How much money is in
the account at the end of the five years? (5 marks)
Formulae:
f = (1 + i)" - 1
i
nm Xt
m

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:30, yorbal171

Afarmer sells 9.5 kilograms of apples and pears at the farmer's market. 4/5 of the weight is the apples and the rest is the pears. how many kilograms of pears did she sell at the farmers market

Answers: 1

continue

Mathematics, 21.06.2019 19:30, Lindsay882

How long must $542 be invested at a rate of 7% to earn $303.52 in interest? in a easier way

Answers: 1

continue

Mathematics, 21.06.2019 21:20, diegop07

Do you mind if you guys me with this question i’m on number 8

Answers: 1

continue

Mathematics, 21.06.2019 22:00, quoia89

Alex took his brother to a birthday party. the party was scheduled to last for 1 and 3/4 hours but they stayed for 4/5 of an hour more. how long did she stay at the party?

Answers: 2

continue

Do you know the correct answer?

3. Mandy made monthly deposits of $300 into a savings account for two years. The account provided h...