janettr832 janettr832

24-04-2021
Mathematics

contestada

If $1,000 is invested at 16% interest, compounded annually,
for five years, what is the ending balance?

Respuesta :

AninaBeana AninaBeana

24-04-2021

Answer:

equation; P=A(1+r/n)^nt

P=principal amount

A=value of investment

r= interest rate in decimals

n=number of times compounded

t=time in years

P=1000(1+0.16/12)^12(5)= $2213.8 rounded

Step-by-step explanation:

Answer Link

Otras preguntas

container is 5 meters wide ,6meters long and 3 meters in depth what is the capacity in quarts

Why are the irish famous for drinking?

The scale of a square map indicates that each inch on the map corresponds to 5 miles. Write an expression that describes the area of land shown on the map. If t

Iliada went to Minewaska state park one day this summer. All of the people at the park were either either hiking or bike riding. There are 178 more hikers than

solve using the substitution and elimination method 3a-12b=9 4a-5b=3 can someone please help?

Find the slope of the line that passes through each pair of points

Two of the emission wavelengths in the hydrogen emission spectrum are 410 nm and 434 nm. One of these is due to the n=6 to n=2 transition, and one is due to the

Write the answer to each problem in terms of the variable.1)chandler is y years old. What expression represent his age 4 yr ago? 11 yr from now?2)claire has y d

Iliada went to Minewaska state park one day this summer. All of the people at the park were either either hiking or bike riding. There are 178 more hikers than

How do amoebas obtain food?