tleng8510 tleng8510

13-07-2017
Mathematics

contestada

You deposit $2000 each year into an account earning 6% interest compounded annually. How much will you have in the account in 35 years?

Respuesta :

Aliwohaish12 Aliwohaish12

16-07-2017

The formula is
A=p (1+r)^t
A future value?
P present value 2000
R interest rate 0.06
T time 35 years
A=2,000×(1+0.06)^(35)
A=15,372.17

Answer Link

Otras preguntas

Which of the following is largest ? A. the moon B. the earth C. the sun

Spain, Italy, and Greece are transitioning: to a service economy. to rule by multiethnic regimes. to a time of high birthrates. to an agrarian society.

Selena is graphing the inequality x <-2 She begins by drawing a number line and placing an open circle at –2. What’s Selena’s next step?

A major-league pitcher can throw a baseball in excess of 41.0 m/s. If a ball is thrown horizontally at this speed, how much will it drop by the time it reaches

Which of the following statements about opportunity cost are true? CHECK ALL THAT APPLY. It exists because resources are scarce. It influences consumers. It i

Histamine is a substance that is released by cells in response to injury, infections, stings and materials that cause allergic responses, such as pollen. Histam

What is the best definition of a triangle?

2. In a barnyard, there is an assortment of chickens and cows. Counting heads, one gets 80; counting legs, one gets 184. How many of each are there? Note: To re

Calculate the applied force to the piston with a 12cm radius required to elevate a weight of 2.0X104N by the piston with a 36cm radius in a hydraulic lift. 2.9

Andria Treat is a 68-year-old woman in reasonably good health, although overweight. She takes a daily multivitamin supplement and almost daily over-the-counter