justin1357911me justin1357911me

04-05-2020
Business

contestada

Yao decides to place a $2,000 deposit at the end of each year into a bond fund that earns 6% annually. Find the amount of the investment in 20 years

Respuesta :

isaacoranseola isaacoranseola

10-05-2020

Answer:

$6414.27

Explanation:

P= C ( 1+r )^t

Where C = $2000, r =6% and t = 20years

P = 2000 ( 1 + 6/100 )^20

P = 2000 ( 1+0.06 )^20

P = 2000 ( 1.06 )^20

P = 2000×3.20713

P = 6414.2709

P = $6414.27

Answer Link

Otras preguntas

What did anthropologist Laura Bohannan discover in her attempt to translate a classic text from English literature into Tiv?

Which of the following is a true statement? a. To square a number, multiply the number by 2. b. The inverse of squaring a number is to divide the number by 2. c

what is the average speed in miles per hour of a sprinter who who does thehundred yard dash in 11.3 seconds

A saleswoman earns 5% commission on all the merchandise that she sells. Last month she sold $7000 worth of merchandise. How much commission (in dollars) did she

3k + 3n = 3(k+n) is this association axiom for addition or multiplication

Using Algebra tiles, show a model of 3x.

Solve −5x = 30 a.) 6 b.) -6 c.) 25 d.) 35

An asset source transaction increases a business's assets and the claims to assets.a) trueb) false

Which earthly phenomenon is represented by this image? ☝️ A) Axial precession B. Magnetic Shifting C. Circumpolar current D) Obliquity

The difference of two times a number and three