subject
Mathematics, 11.02.2022 03:10 jambunny26

Mr. Cheung set up an account in an investment company at the beginning of this year. He makes an investment on the first day of each month. He invested $4000 in the first month and increased the monthly investment by 5% in each subsequent month. (a) How much will he invest in the last month of this year?

(b) Find the total amount that he will invest in this year.

(c) If the monthly return on his investment is 3%, find the total amount that he will get at the end of the year.

The photo attached states the answer, I require the steps to it, thank you.


Mr. Cheung set up an account in an investment company at the beginning of this year. He makes an in

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 19:30
What is the lcm of 16 and 40 ? 24 and 40 ?
Answers: 2
question
Mathematics, 22.06.2019 00:00
If a suspect is in possession of 20 grams of cocaine how many ounces does he possess what will the charge be
Answers: 2
question
Mathematics, 22.06.2019 01:00
X^2/100+y^2/25=1 the y-intercepts are at: a) (-10,0) and (10,0) b) (0,10) and (0,5) c) (0,-5) and (0,5)
Answers: 1
question
Mathematics, 22.06.2019 02:30
Researchers are conducting experiments to determine the role of alcohol in the development of depression. after the study is complete, they determine that the relative risk of developing depression is 1.55 with a 95 % ci of 1.2 -1.9. each group is then divided into nonsmokers and smokers. the relative risk for the nonsmokers is 1.12 with a 95% ci of 0.87-1.37. the relative risk for the smokers is 1.7 with a 95 % cl of 1.5-1.9. what type of bias may affect this study? a. procedure bias b. recall bias c. selection bias d. confounding e. lead-time bias
Answers: 2
You know the right answer?
Mr. Cheung set up an account in an investment company at the beginning of this year. He makes an inv...
Questions
question
Mathematics, 02.06.2020 03:59
question
English, 02.06.2020 03:59
question
Physics, 02.06.2020 03:59
Questions on the website: 13722365