arelisrod02ot59r2 arelisrod02ot59r2

01-06-2020
Mathematics

contestada

You invest money at 6% interest compounded annually for 3 years. If the future value of your investment is $1800, how much money did you invest? Show your work.

Respuesta :

xplicifire xplicifire

01-06-2020

Answer:

Step-by-step explanation:

FV = P(1+r)^t

1800 = P(1+0.06)^3

1800 = P(1.06)^3

P = 1800/(1.06)^3 = $1511

Answer Link

Otras preguntas

How did the rise of nation-states make sea exploration possible?

Which was the final battle in the American Revolution?

What must be true about the acceleration for the equation?

Which of the following would finish the simile? As bright as (a) _____. A Einstein B dunce C tree D hat

What should you do when you can't sleep math worksheet answers?

Why do the absorption spectrum for chlorophyll and the action spectrum for photosynthesis coincide?

What is markerting management

How is the sentence "10 more than P is -3" written as an equation p-3=10 P+10=-3 P+10=3 P=10-3

How did ww1 lead to ww2

Does Truman present American policy as offensive or defensive? What words or phrases does Truman use to present policy this way?