The compound interest formula is A = P(1 + ) where P is the principal, A is the ending amount, r is the annual interest rate, m is the number of compounding periods, and is the number of years. Billy invested $8,000 in a savings account paying 3.5 % interest,
compounded monthly. How much will Billy have after 12 years?

O $8,280
O $11, 360
O $12, 168.25
O $10.361.14

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

5.25 ounces

step-by-step explanation:

divided 3/4 and 6

you would need to also lose 1 point for each of the other outcomes for it to be fair.

step-by-step explanation: