kaliqlee570 kaliqlee570

10-05-2018
Mathematics

contestada

Find the final amount of $1000 investment after 9 years at 8% interest compound quarterly

Respuesta :

TheBreeze TheBreeze

10-05-2018

Here's the equation for one year:
1000 + 0.08(1000)
But because it is 9 years:
1000 + 9(0.08(1000))
1000 + 0.72(1000)
We can make it simpler:
1.72(1000)
Multiply:
1720
You will have $1720

Answer Link

Otras preguntas

Explain what a finite sequence might refer to.

Examples of cliche in true grit

Clint runs c miles each week. Brenda runs 2 miles more each week than Clint. Write an expression for the number of miles Brenda runs each week.

Why do plants have a slow transport system?

what type of venom does a cottonmouth have

A red blood cell placed in saline solution will shrink. True or false? Explain please?

An enzyme is a biological carbohydrate based catalyst. T or F

Is it true that bacterial root infections by Rhizobium should be cured immediately?

In 1935 Mussolini attacked Ethiopia. Which organization was supposed to (but failed) help Ethiopia?

what is the supreme law of the land