02-06-2017
Mathematics

contestada

5000 principal earning 3% compounded annually, 8 years

Respuesta :

Aliwohaish12 Aliwohaish12

02-06-2017

Hi there
The formula is
A=p (1+r)^t
A future value?
P present value 5000
R interest rate 0.03
T time 8 years

A=5,000×(1+0.03)^(8)
A=6,333.85

Hope it helps

Answer Link

Otras preguntas

what stimulates the adrenal medulla to secrete its excitatory neurohormones? what stimulates the adrenal medulla to secrete its excitatory neurohormones? pregan

pesky children keep playing in Maya's yard. She wants to put a fence around her yard to keep those rebel rousers out. Her front lawn is 50 ft wide and 20 ft dee

If a patient had numbness of the skin on the bottom of her foot, this would indicate damage to __________.

Deeva poured grape juice from a jug into 12 identical cups. the volume of grape juice in the jug was 6720 ml. he served 8 cups to his friends. how much grape ju

which statement best describes the final step of ecological succession for a forest community a) mosses begin to grow, adding nutrients to the soil b) long-live

The ______________ of a substance is defined as the maximum amount that dissolves in a given amount of solvent at a specified temperature.

Point T (-6,9) was dilated with a scale factor of 1/3. What are the coordinates of T'? Answer in this format: a,b

a 30 year man sustains a left femoral fracture in a skiing accident, and his leg is placed in a cast. after several weeks of immobilization, you find that the l

A bakery sold a total of 200 cupcakes in a day, and 53% of them were mocha flavored. How many of the cupcakes sold that day were mocha flavored?

You have inherited land that was purchased for $30,000 in 2024. the value of the land increases approximately 5% per year. what is the approximate value if the