nofishing15 nofishing15
  • 02-04-2016
  • Mathematics
contestada

If $85 is put in an account that gets 8.5% and I add $15 per year, how much will I have at the end of 8 years?

Respuesta :

mssarkar96 mssarkar96
  • 02-04-2016
FV=PV(1+i)^n

FV =$ [85(1+0.85)^8]

FV=$ [85(1.85)^8]

FV= $ 222.21
Answer Link

Otras preguntas

I need to simplify this complex fraction and show all the steps leading to the answer
how do you know if you have depression?
When a person has excess stomach acid, he or she may ingest some sodium bicarbonate. The rationale for doing this is that the sodium bicarbonate is: a base and
A __________ is a mound of sand that is created by the wind and usually is formed on sea coasts or in deserts
There are 30 red marbles and 19 blue marbles in a jar. you randomly pick 3. what is the probability that you pick at least 2 red marbles?
What is the force of attraction that exists between all objects called?
I need this to be answered
A boat traveled 27 miles in 2 hours. at this rate, how many miles will the boat travel in 1 2 hour
The major reason the United States became involved in the Korean War was the A. demand by the United States for Korean natural resources B. threat of communism
Find the product of (3x + 7y)(3x − 7y). 9x2 − 42xy + 49y2 9x2 + 42xy + 49y2 9x2 − 49y2 9x2 + 49y2 ...?