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

a meter stick is hung from a string tied at the 25cm mark. A 0.50-kg object is hung From the zero end of the meter stick, and the meterstick is balanced horizon

How do you turn fractions into decimals?

While the "Cocking Affair" was the MOST controversial event in Eugene Talmadge's political career, it was not the only one. Which was another controversy in Tal

Name 4 contributions about the ancient egypt river civilizations

Where did the meaning mind your P's and Q's come from?

7. A cheetah ran 300 feet in 2.92 seconds. What was the cheetah’s average speed in miles per hour? Show your work.

Instructions:Select the correct answer. Sam, Jason, and Meredith have decided to provide good examples of fair use of copyright materials in their class present

Lena is a software saleswoman. Her base salary is $ 1800 , and she makes an additional $ 120 for every copy of English is Fun she sells. Let P represent her

in 1830 president ? pushed the Indian removal act through congress

What is the degree of 4x^8y^5?