ilseortizio ilseortizio

04-09-2018
Mathematics

contestada

You put $939 into an investment at 6% for 6 years. What will be the balance at the end of 6 years

Respuesta :

churchkeys88 churchkeys88

04-09-2018

We will use a Future Value Formula:

FV=PV(1 + i)ⁿ

$939 is our Present Value (PV)

.06 (6%) will be substitued for i (interest)

6 years will be substituated for "n" (numbers of periods)

FV = $939 (1 + .06) ^6

FV = 1331.989446 or rounded to 1331.99 balance at the end of 6 years

Answer Link

Otras preguntas

Help me with my math don't get it! ;(

Which of the following is true concerning the number and type of permanent teeth? Which of the following is true concerning the number and type of permanent tee

Please please help me

A video game was originally priced at $50, but Tess waited to buy it until the video game wason sale for 60% off. If she paid 5% sales tax on the sale price, ho

Perform the indecated operation. 5 over 9 times 3 over 7

_______ is a very old drug that's used subcutaneously to prevent DVT in high-risk patients and intravenously to treat DVT and PE. A. Xarelto B. Heparin C

Effective managers know how to combine both the art and science of management to address the broad range of issues they encounter in their jobs. The art of mana

PLEASE HELP ME!!!!!!!! A: 30 B:16 C:20 D:18

Please please help me

is it better to work on summer homework for 8th grade when you are going into high school or just wait until high school to study what they are teaching?