Find the final amount of $1000 investment after 9 years at 8% interest compound quarterly

1 answer:

4 0

Here's the equation for one year:
1000 + 0.08(1000)
But because it is 9 years:
1000 + 9(0.08(1000))
1000 + 0.72(1000)
We can make it simpler:
1.72(1000)
Multiply:
1720
You will have $1720

You might be interested in

It takes Dave's dogs about 20 days to finish a 50-pound bag bag of dog food. which is the best estimate of number of pounds of d

Fynjy0 [20]

The correct answer is C) 900

To begin with, you need to divide the number of days in a year with the number of dogs. When you do this, you multiply it by 50 to get the final answer. In this case, it would be 365 / 20 which when multiplied by 50 gives the number of C) 900 since it's "about" 20 days.

6 0

3 years ago

Y+5=2(x+1) ordered pairs

skad [1K]

(0,-3) (1, -1) (2, 1) ....

8 0

3 years ago

5 yards 2 feet × 2=

klio [65]

Answer:

11 1/3 yards or 34 feet

6 0