cayanawatson
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 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

why are telescopes that detect non- optical radiation useful for studying objects in space
8. Which of the following is punctuated correctly? Siamese cats—which have dark-colored ears, feet, and tails—are sensitive animals. Eating well-balanced meals—
A rectangle has an area of x square units. The rectangle is dilated to create a new rectangle with an area of 9x square units. Describe the change in the dimens
tell whether each pair of words are synonyms or antonyms happy/unhappy also soaked/dry
According to the phylogenetic tree, from which domain did Eukarya evolve?
It says up top.. "Human genetic material is represented in the diagram below" then the question asks "the region labeled A is made up of a section of"
which graph represents the solution set to inequality (abs 2?3x + 1) >3
history The way that Americans lived and worked was greatly changed by the A. child laborers B.interchangeable parts C. Francis Cabot Lowell D. industrial re
With what is Mary McLeod Bethune associated? (5 points) A.She was lead prosecutor at the Nuremberg Trials. B.She was the first female advisor to President Roose
find the length and width of a rectangle that has the given area and a maximum area. Perimeter: 80 meters