cayanawatson cayanawatson

03-06-2018
Mathematics

contestada

What will be the value in twenty years of $1000 invested at the end of each year for the next twenty years?

Respuesta :

McChuck McChuck

03-06-2018

The formula for yearly compound interest is A(1 + r)^t

Where is A = 1000, r = 8%, t = 20

[tex]1000(1 + .08)^{20} = 4660.96[/tex]

The answer is $4660.96

Answer Link

Otras preguntas

Which item is made from a synthetic material?

In three to five sentences, explain the purpose of informative/explanatory writing. (15 points)

The part of the electromagnetic spectrum that has the longest wavelengths is

What might happen if an economy is unable to produce wanted goods and services? People will go without them.

Sculptures that decorated buildings came in which two styles.

~ Need Help!!!!! The Italian scientist Galileo found himself in trouble with the authorities of the Catholic Church. Galileo believed in a new worldview. He

why did people film battles an wars

The British became the first Europeans to settle THIS territory in 1788, eighteen years after James Cook mapped much of its coast. A) 1 B) 2 C) 3 Eliminate

What is the value of x? 27(x+4)=−6

What are the reasons for an increase in divorce rates apart from the changes in divorce law?