aubreyratliff1
aubreyratliff1 aubreyratliff1
  • 04-04-2017
  • Mathematics
contestada

the basic equation for calculating compound interest is A=P(1+r/n)^(nt). if $1,400 id inverested at an interest rate of 6% per year, compound quarterly, how much will the investment be worth at the end if 10 years? show work

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 04-04-2017
A=1,400×(1+0.06÷4)^(4×10)
A=2,539.63
Answer Link

Otras preguntas

in the number 13,407.036 there are two 3's. Explain how the values of the 3's are related.
Mini-Project: Cents and the Central Limit Theorem 1. Collect a sample of at least 50 pennies by setting aside all the pennies you receive in change for severa
The function of the eardrum in the middle ear is to
The function of the eardrum in the middle ear is to
The function of the eardrum in the middle ear is to
in the number 13,407.036 there are two 3's. Explain how the values of the 3's are related.
what is a high structure part of a church which has 5 letters
What are the functions of receptors in our body? Think of a situation where receptors do not work properly. What problems are likely to arise?
what is a high structure part of a church which has 5 letters
The function of the eardrum in the middle ear is to