otpimisticjoy8526 otpimisticjoy8526
  • 04-05-2018
  • Mathematics
contestada

Suppose your friend’s parents invest $20,000 in an account paying 5% interest compounded annually. What will the balance be after 10yr?

Respuesta :

TheBusinessMan
TheBusinessMan TheBusinessMan
  • 08-05-2018
Answer: $32,577.90

A = P (1+ r/n)^nt
P= 20000
R = .05
n = 1
t = 10
Answer Link

Otras preguntas

The suspension of moral beliefs to commit deviant acts is a a. deviance. c. secondary deviance. b. stigma. d. technique of neutralization. please select the bes
Which accurately describes the terms of this mortgage? check all that apply. the homeowner is borrowing $360,000. the monthly interest rate is 4 percent. monthl
How can Harriet Tubman’s story support Micah’s point of view?_________________PLEASE FAST
In what ways does our adversarial trial system differ from the inquisitorial system? In what ways are the systems similar?
Is 'during' a pronoun, verb, adverb, or preposition?
What are the different systems of classification of organisms
How much is 75% of 10 liter of milk?
Mass m1 on the frictionless table of the figure is connected by a string through a hole in the table to a hanging mass m2
Are there multiple of one organelle in a cheetah cell? Need an answer QUICK!!!
Read the two sentences. The librarian read a story to the children. The librarian clearly and cheerfully read a story to the children. Which kind of phrase(s) w