Answer :
Answer:
A = $ 1,987,379.10 + 700,000= $2,687,379.10
Step-by-step explanation:
15% = 0.15 rate per tear
A = P (1+r/n)^nt
A = 700,000 (1+0.015/12)^12*7
A = 700,000 (1+0.0125)^84
A = 700,000 ((0.9875)^84
A = 700,000 (2.839113)
Answer:
A = $ 1,987,379.10 + 700,000= $2,687,379.10
Step-by-step explanation:
15% = 0.15 rate per tear
A = P (1+r/n)^nt
A = 700,000 (1+0.015/12)^12*7
A = 700,000 (1+0.0125)^84
A = 700,000 ((0.9875)^84
A = 700,000 (2.839113)