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

Rearrange formula A=r2 For r

The frequency of an AM radio is 1.4 x 106 hertz (cycles per second). Approximately, how many cycles are completed in a minute?

What type of government did the united states have under the articles of confederation?

20 POINTS!!! Determine the domain and range of the function

Review the water cycle diagram below. What effect would removing the precipitation stage have on this environment? A). There would be little snow and ice accumu

according to census 2000 more than one-third of the foreign born population lived in which region ? a.)South b.)West c.)Midwest

To reduce budgetary slack management may ________.

Which act signed by Benjamin Harrison dealt with fair trade? A. Sherman Anti-Trust Act B. McKinley Tariff Act C. Sherman Silver Purchase Act D. Consumer Protect

Help? The coordinates of the vertices of a polygon are (−2, −2) , (−2, 3) , (2, 4) , (3, 1) , and (0, −2) . What is the perimeter of the polygon? Enter your ans

a muffin recipe requires 1 cup of sugar and 2 tbsp of vanilla. If the recipe is being increased to 1.5 cups of sugar, which proportion can be used to find how