michaellowe1981 michaellowe1981

22-06-2021
Business

contestada

Otto invests $ 600 in an account that pays 7.3 % interest compounded annually. How much is in Otto's account after 3 years

Respuesta :

ewomazinoade ewomazinoade

24-06-2021

Answer:

$741.23

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years

600(1.073)^3 = $741.23

Answer Link

Otras preguntas

What is the RANGE of resting heart rates for healthy young adults? A) 20-40bpm B) 60-100bpm C) 60% - 80% D) 101-125bpm

Tom is deciding whether or not he should become a member gym to use their basketball courts. The membership cost is $135. Members pay $2 to rent out the bask

What is the equivalent resistance for a parallel circuit that has two resistors: 18.0 ohms and 23.5 ohms?

Write an equation in point-slope form of the line through point (4, –4) with slope, m= 4. Question 2 options: A. y + 4 = 4(x - 4) B. y + 4 = 4(x + 4) C. y

What is 3a+-2(a+b) simplified??

Although the doctors can find no physical reason for his symptoms, aaron reports that he is unable to feel anything with any part of his left hand from the wris

Samuel can type nearly 40 words per minute.Use this information to find the number of hours it would take him to type 2.6×10 to the power of 5

Describe how mutations could lead to drug resistance in the RT enzyme. Include physical, molecular, and biochemical reasons.

MATH HELP !!!!!!!!!!!!!!!!!!!

Which of these is overconsumed in the united states A.) Salty overly processed goods B.) leafy green vegetables C.) Vitamin c D.) Sweet potatoes