Lxizp1350 Lxizp1350
  • 15-08-2017
  • Mathematics
contestada

Calculate.

The amount to which $5,000 would grow in ten years at 6% compounded quarterly.

$ _____

Respuesta :

musiclover10045
musiclover10045 musiclover10045
  • 15-08-2017

5000 x (1 + 0.06/4)^(4*10)

5000 x (1.015^40)

5000 x 1.814018409 = 9070.09 total after 10 years

9070.09 - 5000 - 4070.09 in interest

Answer Link

Otras preguntas

Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
Jamaal buys his clothes at Super Discounts. On Saturday, he bought shoes regularly priced at $40 for 25% off, and a jacket regularly priced at $100 for 30% off.
How did machines speed up  textile manufacturing
Can water and pebbles form a solution?
what times what equal 16?
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
You bought a car for $25,000. You have owned it for one year, and it is now worth $21,000. What is the percent decrease in your car's value?16%19%84%119%
what is a device that transforms thermal energy to mechanical energy
what times what equal 16?
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony