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

Which character in Grendel is most clearly a round character? A. Beowulf B. Unferth C. Breca D. Grendel's mother
what is the product of 709 and 68?
Find the percent of change. Original: 80, new: 64
Geometry math question no Guessing and Please show work thank you
Yuvil corporation produces a single product. at the end of the company's first year of operations, 1,000 units of inventory remained on hand. its variable manuf
Find the value of x.​ (Hint: The sum of the angle measures of a quadrilateral is 360degrees°​.)idk
In this activity, using the information provided below, you will create a trip itinerary. Write your response in Spanish and use the sightseeing vocabulary (ver
please help me thank you!!!!!
the perimeter of a rectangular field is 60ft and its width is 20ft find the area of this field
Which type of context clue would help define the word chary in the sentence below? Matt excitedly jumped into his Dad's new pickup truck, while his mother was