3 years ago

On a deposit of $10,000 that earns 4% compound interest (compounded annually), how much will you have after 8 years?

Mathematics

1 answer:

IRISSAK [1]3 years ago

3 0

Answer:

$13,685.69

Step-by-step explanation:

A = P (1 + r)ⁿ

A = $10,000 (1 + 0.04)⁸

A = $10,000 x 1.368569

A = $13,685.69

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