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Ilia_Sergeevich [38]
2 years ago
9

Five years from today, you plan to invest $2,500 for 7 additional years at 8.4 percent compounded annually. How much will you ha

ve in your account 12 years from today
Business
1 answer:
V125BC [204]2 years ago
6 0

The amount of money which would be in the account 12 years from today is:

  • $4,396.88

<h3>What is an Investment?</h3>

This refers to the amount deposited in a business or financial institution, with the aim of getting return on investment after a period of time.

CI= P( 1 + r/100)^n

P= initial principal

n= number of times interest applied per time period

r= interest rate

t= number of time periods elapsed

A= final amount

=>   2,500 (1 + 0.084)^7

2500( 1.084)^7

= $4,396.88

Read more about investments here:
brainly.com/question/25300925

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earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000​, and net income reached $9,000,000​, the​ c
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33%

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The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.

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3 years ago
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Appleville is a village that specializes in all forms of apple products. Suppose that each winter, when no apples are being prod
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The type of fiscal policy which might be most effective in correcting this problem is:

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<u />

According to the given question, we are asked to state the  type of fiscal policy which might be most effective in correcting this problem of the village  which loses its aggregate output.

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