02-06-2017
Mathematics

contestada

5000 principal earning 3% compounded annually, 8 years

Respuesta :

Aliwohaish12 Aliwohaish12

02-06-2017

Hi there
The formula is
A=p (1+r)^t
A future value?
P present value 5000
R interest rate 0.03
T time 8 years

A=5,000×(1+0.03)^(8)
A=6,333.85

Hope it helps

Answer Link

Otras preguntas

Sandy guarantees to pay Lester any debts Albert incurs with Lester. Sandy makes this guarantee because she knows that if she does not, Albert will run up a larg

The rational-ignorance effect refers to the a. lack of incentive voters have to become well-informed about candidates and issues because their vote is unlikely

DMC3 Inc. will pay no dividend for 2016 or 2017. At the end of 2018, it will pay a dividend of $1.50. Thereafter dividends will grow at 4% per year. The require

What is a physicalproperty of the substanceinside the flask?A. it is a plasmaB. it is a gasC. it is a liquidD. it is a solid

Name the biggest container shipping company in the world

0. An airplane rises vertically 1000 feet over a horizontal distance of 1 mile. What is the angle of elevation of the airplane's path? (***you need to know how

In 2010, U.S. gross domestic product (GDP) was roughly $14.6 trillion. Given that the U.S. population was roughly 308 million people, per capita GDP in the Unit

On a busy day at the amusement park, Kelly waited 15 minutes in line for the haunted house. In total, Kelly took 28 minutes to wait in line and go through the h

Consider a current carrying a wire coming out of your computer screen towards you. Which statement below correctly describes the magnetic field created by the c

Increased literacy rates and improved writing systems facilitated the Axial Age because figures like Confucius, Laozi, the Buddha, and Socrates used writing as