jlawrencepatten jlawrencepatten
  • 16-10-2019
  • Mathematics
contestada

Suppose you invest $5,000 at 9% interest, compounded annually, for 10 years. Determine the future value of your investment, using the compound interest formula.

Respuesta :

bernellejoseph12 bernellejoseph12
  • 20-10-2019

Answer:

12256.79

Step-by-step explanation:

S=P(1+i)^n

i=9/12

=0.75

Divided by 100

=0.0075

n=12x10

=120

5000(1+0.0075)^120

=12256.79

Ver imagen bernellejoseph12
Answer Link

Otras preguntas

Estimate 49% of 162. Use mental math to calculate 49% of 162. ???
(4a-5)+(3a+6) Adding polynomials
who over threw the nobles with the support of common people
Estimate 49% of 162. Use mental math to calculate 49% of 162. ???
(4a-5)+(3a+6) Adding polynomials
What is .725 as a fraction
What were the positive and negative effects of Egypt being imperialized by Britain.
if 10+3x-7x=6 what does x equal
(4a-5)+(3a+6) Adding polynomials
(4a-5)+(3a+6) Adding polynomials