kamhickey kamhickey

20-03-2017
Mathematics

contestada

$850 at 8% for 8 years, compounded annually.

Respuesta :

apologiabiology apologiabiology

20-03-2017

A=P(1+r)^t
r=rate in decimal
A=future amount
P=present amount
t=time in years

A=850(1+0.08)^5
A=850(1.08)^5
A=1573.29

Answer Link

Dave1357 Dave1357

20-03-2017

The answer will be 1573. 29

Hope It helps! :D

Answer Link

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