otpimisticjoy8526 otpimisticjoy8526

04-05-2018
Mathematics

contestada

Suppose your friend’s parents invest $20,000 in an account paying 5% interest compounded annually. What will the balance be after 10yr?

Respuesta :

TheBusinessMan TheBusinessMan

08-05-2018

Answer: $32,577.90

A = P (1+ r/n)^nt
P= 20000
R = .05
n = 1
t = 10

Answer Link

Otras preguntas

Marcus has a pool that can hold a maximum of 4500 gallons of water. The pool already contains 1500 gallons of water. Marcus begins to add more water at a rate

On june 1, michael company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years or 30,000 ho

Which of the following segments is a radius of K? A) RT B) MT C) KM D) MR

An old adage states that "You can't fit a square peg in a round hole." Actually, you can, it just won't fill the hole. If a hole is 4 inches in diameter, what i

What does the absolute value of a number tell you

A commodity is a complex product, and suppliers of these products provide very different types of vacations. True or False?

The rise of Benito Mussolini's Fascist Party in the 1920s was caused by A) a desire to bring peace to a Europe ravaged by war. B) a need to expand the borders

At the 1998 Winter X-Games held in Crested Butte, Colorado, Jennie Waara, from Sweden, won the women’s snowboarding slope-style competition. Suppose that in one

Find the area of the figure

What is the solution to the equation 1/square root of 8 = 4^(m + 2)? m = −15/4 m = −11/4 m = 5/4 m = 9/4