dalston4524 dalston4524

17-02-2020
Business

contestada

To what amount will $4 comma 900 invested for 9 years at 10 percent compounded annually accumulate?

Respuesta :

Olajidey Olajidey

19-02-2020

Answer:

=$11,553.94

≅$11,554

Explanation:

A = P(1 + r/1)^t

Given that

P = $4,900

r = 10%

t = 9years

= 4900 * (1 + 0.1)^9

= 4900 * 1.1^9

= 4900 * 2.3579

= $11553.94

≅ $11554

Answer Link

Otras preguntas

if 12 gallons of gas costs 50.28 then how much does 1 gallon cost?

if x represents an integer how would you express its negative

All carbohydrates, are made of,

Which of the following statements about acids and bases are true?Acetic acid is a strong acid.A strong acid has a weak conjugate base.A Brønsted base is a proto

Ocean Breeze Co. paid $500 cash for expenses related to advertising for the period. Which of the following shows how this event will affect the company’s accoun

What is it about cities that make them microclimates? A. Higher elevation B. Large areas of asphalt and concrete C. The presence of large trees D. Lower atmosph

Rebecca received an inheritance of $ 60000. She invested part in a savings account at 1.25% and deposited the remainder in tax-free bonds at 2%. Her total annua

Which of the following statements about a typical plasma membrane is correct? a. Phospholipids are the primary component that determines which solutes can cross

A wireless router attempts to transmit a packet to a laptop. The probability that the packet is received by the laptop is 0.8. To be confident that the packet g

What is 420 kilometers expressed as meters? Please show how you got your answer.