chrisparalieu chrisparalieu

24-10-2016
Mathematics

contestada

You deposit $2000 each year into an account earning 8% interest compounded annually. How much will you have in the account in 15 years?

Respuesta :

24-10-2016

Use the formula for compound interest, compounded annually:
[tex]A=P(1+r)^{t}[/tex]
[tex]A=2000(1+0.08)^{15}=6344.34[/tex]
The answer is $6344.34

Answer Link

Otras preguntas

How Did You Die Did you tackle that trouble that came your way With a resolute heart and cheerful? Or hide your face from the light of day With a craven soul an

"No political system (up to that point in time) had ever been founded on the notion that the people should rule instead of being ruled." (A) What is meant by

May I please receive help? Please?

How did the constitution, as originally ratified on 1788, promote liberty?

How does Senator Obama's choice to begin this speech with an explanation of the background of his family members reflect the purpose of his speech? O It helps m

The population of a city increases by 0.9% per year. If this year's population is 261,000, what will next year's population be, to the nearest individual?

algebra ii question need help

日 what language feature is "it seized the frail Craft (line 13) an example of ?

What type of software repairs or improves a larger application that is already installed on a system? O spreadsheet O mapping O patch O anti-virus

An Eisenhower president seeks to: a) act as a chief delegate for the people b) avoid arguments with Congress c) counter the special interests represented in Con