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

What is the sum of the geometric sequence -3, 18, -108, if there are 8 terms?
If i throw 20 knifes what is the probability that i will hit my assistant exactly 3 out of those twenty times?
Effective _____ also can deny an adversary time to set conditions in their favor or achieve destabilizing objectives; or mitigate the effects of a natural or ma
I really need help with 6 thanks you
What could explain the significant increase in antibodies to non-Lyme disease antigens (blue line)? (Answer in comments)
(Repost again because i rly need the answer) Physics question HELP asap
Variable costs fixed costs what is the staticbudget variance of operating income?
Currents cause warmer and cooler temperatures in the areas where they are located. please select the best answer from the choices provided t f
Heyy i just need some help with questions 5,7,9 if anyone could help me and show the work that would be amazing thank you!!
At what price will a bond sell if the required rate of return is equal to the coupon rate?