venom9156 venom9156
  • 02-10-2017
  • Mathematics
contestada

You are scheduled to receive $16,500 in three years. when you receive it, you will invest it for nine more years at 9.5 percent per year. how much will you have in twelve years?

Respuesta :

Аноним Аноним
  • 02-10-2017
I'm am assuming the interest is compounded each year.

amount after 12 years = 16,500( 1 + 0.95)^9 =  $37,343.16 
Answer Link

Otras preguntas

When was William Shakespeare born
What is the numerator or denominator of 4/5
What is a direct combination reaction?
Nadine can send or receive a text message for 15 cents or get an unlimited number for 5 dollars. Write and solve an inequality to find how many messages she can
How is the numeral 35.012 written in words and why
Trying to translate word problems. Five times the sum of 3 and twice some number is 70. what is the number?
A pound of seedless red grapes costs $2.75. Drew must spend less than $9.35 on a bunch of seedless red grapes.Inequality:Solution:Interpretation:
How many minutes are in 36 hours?
A 1 digit number and a 3 digit number have a sum of 205.  The same two number have a difference of 195, a product of 1,000 and a quotient of 40.  What are the t
Was the Gold Rush a good or bad thing for the United States?