popcernstaleate popcernstaleate

13-10-2017
Mathematics

contestada

The amount that results when $2,000 is compounded at 8% annually over six years.

The amount that results when 2000 is compounded at 8 annually over six years class=

Respuesta :

Aliwohaish12 Aliwohaish12

13-10-2017

The formula is
A=p (1+r)^t
A future value?
P present value 2000
R interest rate 0.08
T time 6 years
A=2,000×(1+0.08)^(6)
A=3,173.75

Interest earned
3,173.75−2,000=1,173.75

Answer Link

Otras preguntas

You lean a ladder 6.7 meters long against a wall. It makes a 63 degree angle with the level ground. How high up is the top of the ladder?

The 1469 marriage of Prince Ferdinand and Queen Isabella created which nation?

You lean a ladder 6.7 meters long against a wall. It makes a 63 degree angle with the level ground. How high up is the top of the ladder?

Which factor made the most difference in how agriculture affected the economies of the colonies? A. workforce B. choice of crops C. climate D. access to ports

The 1469 marriage of Prince Ferdinand and Queen Isabella created which nation?

You lean a ladder 6.7 meters long against a wall. It makes a 63 degree angle with the level ground. How high up is the top of the ladder?

Which factor made the most difference in how agriculture affected the economies of the colonies? A. workforce B. choice of crops C. climate D. access to ports

i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement how thick must the cement be to cover field

You lean a ladder 6.7 meters long against a wall. It makes a 63 degree angle with the level ground. How high up is the top of the ladder?

The 1469 marriage of Prince Ferdinand and Queen Isabella created which nation?