kaliqlee570 kaliqlee570

10-05-2018
Mathematics

contestada

Find the final amount of $1000 investment after 9 years at 8% interest compound quarterly

Respuesta :

TheBreeze TheBreeze

10-05-2018

Here's the equation for one year:
1000 + 0.08(1000)
But because it is 9 years:
1000 + 9(0.08(1000))
1000 + 0.72(1000)
We can make it simpler:
1.72(1000)
Multiply:
1720
You will have $1720

Answer Link

Otras preguntas

Read the following text of the phone conversation and check your comprehension below by marking all the statements that are true. (Help ASAP)

Which of the following is the BEST reason for writing notes from research in your own words? A. You can change the facts that don't fit your topic. B. It begins

Christy is studying sodium in the following periodic table of elements. She makes the following list of possible properties for sodium: Symbol is Na Is a transi

21 The graph of an exponential function is shown on the grid. Based on the graph, which statement about the function is true? A The range is the set of all real

Put this in your own words, I'm writing a informational essay, will give brainiest.In addition, if there's someone encouraging another person, there being coura

I need HELP ME PLEASE

What is the function of mitochondria in prokaryotes?

Winter Break 2020 was one of the ____________________ Winter Break I have ever experienced PLZZ GIVE ME A SENTENCE PLZZ

A character’s viewpoint is the way a character thinks about things. the reason a character acts in a certain way. the influences that come from outside a charac

Female geese lay their eggs only in the spring and may lay several eggs until they begin to incubate them. This collection of eggs is referred to as a clutch. F