jonathond98 jonathond98
  • 18-02-2021
  • Mathematics
contestada


Isabella invested $500 at 6% annual interest, compounded quarterly. How much will her Investment be after 25 years.

Respuesta :

madethisfortwitch1
madethisfortwitch1 madethisfortwitch1
  • 18-02-2021

Answer:

$2216.02

Step-by-step explanation:

Compound interest formula:

[tex]FV=PV(1+\frac{i}{n})^{nt}\\\\FV=500(1+\frac{.06}{4})^{25*4}\\\\500(1.015)^{100}\\=2216.02[/tex]

Answer Link

Otras preguntas

what is 73,489 in expanded form
Which of the following is a factor in the increase of single-parent families in North America?
how to write out 314,207
Whose ideas inspired Thomas Jefferson as he drafted the American Declaration of Independence?
A colony run by a governor who was directly responsible to the crown was called
what's phase changes mean? I can't find it
Which items describe the central plateau
which of the following groups of people is affected by economic laws and rules
name two scientific issues that involve ethics
How did America's fortunes of war change during 1813 and early 1814, and what were the results of this change?