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

How to Simplify 243^1.2
Factors for x squared plus 9x plus 18
Three brothers share 2 sandwiches equally. Hoe much of a sandwich does each brother get?
danica has laid out floor tiles so they form a rectangle with a perimeter of 18 inches. what is the difference between the greatest and least possible areas of
Three brothers share 2 sandwiches equally. Hoe much of a sandwich does each brother get?
How would I solve this problem 5 1/4 - 2 5/6
Determine if the following tables from a lineAr equation if so identify the slope otherwise write non linear
Substiution method: y + 9 = 1/5x and 45 - 3y = -15x Please show work thank you very much.
Maya works 16 hours per month at her part-time job earning $6.75 per hour. She earns some additional money house sitting for neighbors and friends. Maya charges
iN MITOSIS, ANAPHASE FOLLOWS WHAT?