cayanawatson cayanawatson

03-06-2018
Mathematics

contestada

What will be the value in twenty years of $1000 invested at the end of each year for the next twenty years?

Respuesta :

McChuck McChuck

03-06-2018

The formula for yearly compound interest is A(1 + r)^t

Where is A = 1000, r = 8%, t = 20

[tex]1000(1 + .08)^{20} = 4660.96[/tex]

The answer is $4660.96

Answer Link

Otras preguntas

make z subject of formulae.[tex]r = az + \frac{3z}{2} [/tex]

a dialogue about education between a city girl and a village girl

Write the quotient when the sum of 73 and 37 is divided by(i) 11 (ii) 10

For the linear function f, the graph of y = f(x) in the xy plane has a slope of -3 and passes through the point (-5, 4). Which equation defines f?

Urgent Help!! Canada's formal apology to Aboriginal people for the residential school system was a significant step in restoring harmony between Aboriginal pe

could anyone help me please and show the work please

five times the difference between 3/4 and 1/2

Manufacturers of potentially hazardous chemicals must supply, upon request, a material safety data sheet MSDS for a specific product. A. True B. False

What best explains the problem with installment buying ?

who is a lobbyist in coporations