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forsale [732]
1 year ago
9

If you invest $100 at 10 percent compounded annually, how much money will you have at the end of 3 years?

Business
1 answer:
fiasKO [112]1 year ago
4 0

The amount I would have at the end of 3 years is $133.10.

<h3>How much would I have at the end of the 3 years?</h3>

When an amount is compounded annually, both the amount invested and the interest accrued increase in value one a year.

The formula for calculating future value:

FV = P (1 + r)^n

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

$100 x (1.1^3) = $133.10

To learn more about future value, please check: brainly.com/question/18760477

#SPJ1

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The percentage rate or growth for online advertising spend in 2011 compared to 2010 is obtained when calculating the following operations:

1. You must know what is the base figure you want to use to determine the percentage growth. In this case $5.9 Billion is the base figure you will use.

2. You want to know what is the figure with which you will determine the final growth. In this case is $73 billion.

3. You replace the values in the following formula:

percentage rate or growth =(( <u>   Final growth figure   </u> )  ) x 100

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percentage rate or growth =(( <u>  73   </u> )  ) x 100

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6 0
3 years ago
If the purchase and sale of a currently illegal drug (for example, marijuana) were decriminalized, economists would expect:
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A. Avoid extra payroll expenses.
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<h2>A. Avoid extra payroll expenses.</h2>

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i hope it helps :)

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3 years ago
Coca-Cola, Inc. and PepsiCo, Inc. have only one distributor each in the Phoenix area. The Phoenix market is an intensely competi
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7 0
3 years ago
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