ilseortizio ilseortizio

04-09-2018
Mathematics

contestada

You put $939 into an investment at 6% for 6 years. What will be the balance at the end of 6 years

Respuesta :

churchkeys88 churchkeys88

04-09-2018

We will use a Future Value Formula:

FV=PV(1 + i)ⁿ

$939 is our Present Value (PV)

.06 (6%) will be substitued for i (interest)

6 years will be substituated for "n" (numbers of periods)

FV = $939 (1 + .06) ^6

FV = 1331.989446 or rounded to 1331.99 balance at the end of 6 years

Answer Link

Otras preguntas

the sum of three numbers is 116. The first number is 6 more than the third. The second number is 3 times the third. What are the numbers?NEED DONE ASAP

20=v−7 what does v equal?

PLEASE ITS EASY!!!!!! please

Three times a number plus sixteen

What season has begun in bless me ultima

9 Dusty found out that each grain of sand weighs 40000 or .000025 of a pound. He decides to write this number in scientific notation. 2.5 x 10 What value should

Help me please. im begging you-

An __________ gland is a ductless gland that empties its hormone into the extracellular fluid, from which it enters the blood.

Isabella left a 15% tip for a meal. The total cost of the meal, including the tip, was $23. What was the cost of the meal before the tip was added?

Which sentence is an example of formal language A.i didn’t like the food at the restaurant and thought the service was really bad. B.that new restaurant is th