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

What type of songs originated with slaves doing fieldwork in the colonies

For a response to literature, which audience would most likely find an informal writing style appealing?writing class teacherfellow studentscollege review

Cut a 2 yard spool into 5 equal length. How long is each piece of ribbon in feet

which one is greater 0.6 or 0.60

how is the telegraph you made like the one morse made?

how do you do use this website i am new so i need some help

is a mushroom abiotic or biotic

Bacteria can develop mutations that provide them with resistance to antibiotic medications. Why would giving multiple antibiotics at once be less likely to crea

How did the 1840 World’s Anti-Slavery Convention affect the women’s suffrage movement?

PLEASE GIVE CORRECT ANSWER THANK YOU !!!!!! : ) 1.) 2x+8+4x-5 2.) b +72y-4.2y+1 3.) 10r-5+3+r 4.) 3x+14 -x -15 5.) -6.6z+11+1.3+ +2z