kyaraseaman kyaraseaman

16-10-2021
Mathematics

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Find the cost of a CD in 10 years, assuming an inflation rate of 6%, if its present cost is $11.95.

Respuesta :

hmurciaf hmurciaf

16-10-2021

Answer:

$21.40

Step-by-step explanation:

Find the cost of a CD in 10 years, assuming an inflation rate of 6%, if its present cost is $11.95.

fv = $11.95 (1.06)^10 = $21.40

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