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

Four friends are standing in line to buy tickets. Carlos is not first in line.Paige is ahead of of Kate.Lisa is last in line.Who's first in line

Which empire was the world's biggest exporter of guns in the 17th century? A. Yuan dynasty B. Songhai Empire C. Ottoman Empire D. Byzantine Empire

Which development is most closely associated with the beginning of the Byzantine Empire? (1) emergence of the Russian Orthodox Church (2) division of the Roman

The cell conducts its normal functions during ______. interphase meiosis I meiosis II

The framework of government described in the Constitution of the United States (1787) most clearly shows the dissatisfaction of the founders with the (1) Albany

a solid substance is an excellent conductor of electricity. the chemical bonds in this substances are most likely 1. ionic, because the valance electrons are sh

24. Which energy conversion occurs in an operating electrolytic cell?(1) chemical energy to electrical energy (2) electrical energy to chemical energy (3) nucle

78÷39 in long division

Once you understand exactly how to perform each resistance training exercise, you should choose a weight that allows you to do how many repetitions.

The Supreme Court under Chief Justice Earl Warren (1953—1969) is considered one of the most liberal in United States history because it (1) worked effectively w