kaliqlee570 kaliqlee570

10-05-2018
Mathematics

contestada

Find the final amount of $1000 investment after 9 years at 8% interest compound quarterly

Respuesta :

TheBreeze TheBreeze

10-05-2018

Here's the equation for one year:
1000 + 0.08(1000)
But because it is 9 years:
1000 + 9(0.08(1000))
1000 + 0.72(1000)
We can make it simpler:
1.72(1000)
Multiply:
1720
You will have $1720

Answer Link

Otras preguntas

5. A bowling ball compared to a balloon a has more density and mass b. would be less dense and have less mass c. would have an equal amount of mass and density

XA recipe for cookies requires 2/3 cup of butter. Rama wants to make 3/4 of the recipe. How many cups of butter should Rama use to make the cookies?

Which element below has properties of both metals and nonmetals? zinc aluminum copper boron

Which of the following is a more attractive place to do business? Multiple Choice A nation that lacks democratic institutions A nation where economic activity i

help please!!?? answers??

P(n)= | -16 - 1 | +3

Verbs Text to е escriptive) Guided Practice What is the objeçt? Read the sentence. A. New Mexico People call New Mexico the Land of Enchantment. B. People ns C.

the length of a rectangle is 3 inches more than it’s width. if the perimeter is 42 inches, find the dimensions of the rectangle

A jacket is on sale for $15 off. As part of a one-day sale, a 20% discount is applied to all purchases. If x represents the original price of the jacket, which

What is a social contract?\