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 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

PLS HELP ASAP, THANK YOU
The Sophists were best known for teaching rhetoric. true or false
Which sentence best explains what the author is foreshadowing in this passage? A.) mr. White will make other serious mistakes by acting without thinking of the
Select the correct answer Nitrogen (N) and hydrogen (H) react with each other to produce armonia (NH), This reaction is om in an ecuation as 192 * 3+2 - 2012 Wh
Help me with this question please i’ll give you brainly
What do you think would happen to someone who was caught helping slaves escape?​
if f(x)=-6x+13 and g(x)=6-4(x-1) which is an equivalent form of f(x)+g(x)​
Why do you think it is important that Gatsby doesn't let everyone know who he is, and why do you feel he introduced himself to Nick that way.
HELP ASAP!!!!!!!!!!!! Answers: 28 yd ² 40 yd ² 52 yd ² 64 yd ²
12v = 36 Chapter 7 Equation Test