esmiestewart211
esmiestewart211 esmiestewart211
  • 17-08-2021
  • Mathematics
contestada

If the present value of my investment is $1,000 and the rate of interest is 6% compounded annually, what will the value be after 10 years?​

Respuesta :

badtestbot28 badtestbot28
  • 22-08-2021

Answer:

$1790.84

Step-by-step explanation:

The investment will have value of 1000*(1+0.06)^10=1790.84 in 10 years

Answer Link

Otras preguntas

One mole of N2 gas at STP will occupy what volume? A.) 44.8 L B.) 22.4 L C.) 44.2 L D.) 88.4 L E.) none of the above
You have learned about the rise and fall of the Soviet Union and its influence in Europe. Who or what was responsible for the end of communism in Europe?
the 2nd term in a geometric sequence is 20 the 4th term in the same sequence is 45/4 or 11.25 what is the common ratio?
Which of the following are factors that both unicellular and multicellular organisms actively balance in order to achieve homeostasis? A.) size, shape, and mass
What is the combined meaning of the prefix and root in the word abduct?
Find the dimensions of the rectangle of maximum area that can be formed from a 330-in. piece of wire.
arturo is building a flower bed in the shape of a right triangle. the hypotenuse of the right triangle is 13 feet. one of the legs needs to be 7 feet longer tha
what is the simplified form of i^14
which quantity is a scalar quantity? acceleration area displacement force velocity
You have recently graduated with an accounting degree. Use the Web to investigate what exactly is involved in becoming a Certified Public Accountant