Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. what interest will be earned if $7000 is invested

What interest will be earned if $7000 is invested for 4 years at 11% compounded...

80.2K

Verified Solution

Question

Basic Math

image

What interest will be earned if $7000 is invested for 4 years at 11% compounded monthly? (Round your answer to the nearest cent.)$3864.39X

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Create a Use Case table and diagram for creating a business user based on career fair...

Programming
Q

Which is an example of business application software O Dreamweaver O FTP O CAD

Biology
Q

44 Consider a hydrogem like atom whose energy in 13 6Z2 2 n th n...

Physics
Q

A fish looking up through the water sees the outside world contained in a circular...

Physics
Q

31 Find h as indicated in the figure 29 5 392 ft H 49 2...

Geometry
Q

O Scatterplot 1 50 40 30 20 O Scatterplot 2 10 50 40 30 20...

Statistics
Q

Which graph represents the system of inequalities y 2x 1 y 3x 5 2 2...

Statistics
Q

Sketch a triangle that has acute angle COS 2 GOU SCD UI tantel Find the...

Calculus
Q

Simplify: 2x-x-1/x-1 2x+1/x-3x+2Use equation editor to type your answer or insert a picture of...

Algebra
Q

Discuss how research can support or refute a biased alternative.

Accounting
Q

Gator Investments provides financial services related to investment selections, retirement planning, and general insurance needs....

Accounting
Q

Software games company, Avalanche Entertainment, is considering expanding its highly successful online game franchise to...

Accounting