baddestkitkat baddestkitkat

11-12-2019
Mathematics

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SHOW WORK PLEASEEE 18 POINTS
How much interest does $1 ,000,000 earn in one year at 6.3% interest, compounded every month

Respuesta :

aeludlow430 aeludlow430

11-12-2019

Answer:1,587,301.587 final

48,941 per month

Answer Link

zueraarahman zueraarahman

11-12-2019

Answer:

interest rate=6.3%

amount of money =1000000

Total interest

paid per month

[tex]amount \: of \: money \times \frac{interest \: rate}{100} [/tex]

= $63,000

per year = $756,000

Answer Link

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