julliettebenson julliettebenson
  • 23-09-2016
  • Mathematics
contestada

600$ for 3 years at 6% compounded annually?

Respuesta :

Drian
Drian Drian
  • 23-09-2016
Your set up would be A=600e^(.06*3)
Your answer would be 1630.96909708
And if you round it to the nearest 4th decimal it would be
1630.9691
Answer Link
apologiabiology
apologiabiology apologiabiology
  • 23-09-2016
[tex]F=P(1+ \frac{r}{n})^{tn} [/tex]
F=future amount
P=present amount
r=rate in decimal
n=number of times per year compounded
t=time in years


[tex]F=600(1+ \frac{0.06}{1})^{(3)(1)} [/tex]
[tex]F=600(1.06)^{3} [/tex]
F=714.61

answer is $714.61
Answer Link

Otras preguntas

find different between manocots and dicots clarify with example​
answer them all please!!
(please helpp!!) Which statement best completes the diagram?
how do i see messeges
English theater in the 1660s did not have to produce good plays to be appealing to their audiences, Fact or opinion
what is a device driver​
What is the correct answer? ​
In your own words, why does the Ku Klux Klan (KKK) hate/dislike Jews?
Based on the audio, which is a true statement? (1 point) Question 10 options: 1) She doesn't like physical education. 2) Josh practices music on Tuesdays. 3) He
Express the following ratio in its simplest terms: 4 weeks 6 days