Solución
you invest 500 dollars at an 8% annual interest rate, if it is compounded annually how much is your investment worth after 4 years
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
one number is two more than another. Their sum is fourteen. Find both numbersDarren invests 4, 500 into an account that earns 5% annual interest. How much will be in the account after 10 years if the interest rate is compounded annually35/12 as numberThe sum of a number and eighteen.What are the future value and the interest earned if 3000 IS INVESTED FOR 5 YEARS AT 8% compound quarterly ? Round to the nearest cent. What would the future value be?