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

if the proper dosage of a drug is 2.0mg/kg of body weight, how many milligrams (mg) of the drug would a 110 lb individual need? (5%)

Why was FDR's Court Packing Plan a mistake?

what is the full definition of adaptation?

solve for x₁ and x₂6x₁+3x₂=606x₁-2x₂=80

A uniform wire is cut into 4 segments. Each segment is twice as long as the earlier segment. If the shortest segment has a resistance of 4 ohm, find the resista

Ryker is given the graph of the function y= 1/2x^2 - 4 . He wants to find the zeros of the function but is unable to read them exactly from the graph. Find the

A microscope is set so it makes an object appear 4 x 10`2 times larger than its actual size. A virus has a diameter of of 2 x 10`-7 meter. how large will the di

what is the full definition of adaptation?

in che anno e nato Cristoforo Colombo

Solve for x/4-x+2/6=x/3