Mathematics

Adam Crawford

3 February, 10:36

Alex wants to have $3000 in his bank account after 4 years. If the account earns 6% interest compounded 2 times per year, how much should he put in? Round to the nearest cent. A. $2863.32 B. $2238.36 C. $2633.82 D. $2368.23

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Alex wants to have $3000 in his bank account after 4 years. If the account earns 6% interest compounded 2 times per year, how much should ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

PV=k with constant k P and V vary directly or inversely?

What number is equal to square root 64?

Jeremy's grandfather is four times as old as he is. If you add their ages together, you will get ninety. How old is Jeremy's grandfather? A. 18 B. 19 C. 70 D. 72

Determine whether the situation calls for a survey, an observational study, or an experiment. You want to find people's opinions on a new restaurant.

A map uses a scale of 1 in. : 20 mi. If the distance between two cities on the map is 1.5 inches, what is the actual distance between the cities?

New Questions in Mathematics

You roll a 6 sided dice what is the probability of rolling a number greater than two and then rolling a number less than three

You got 3 problems on a 25 question yest what was the percent of the questions you got right?

Convert 251 lb/in to kg/m

How would I write and work 3 1/5 as a decimal

The lengths of the legs of a right triangle are consecutive even integers. The hypotenuse is 58 inches. What is the sum of the lengths of the legs in inches?