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jolli1 [7]
3 years ago
14

How much would $125 at 8% interest compounded annually be worth after 14 years

Mathematics
1 answer:
statuscvo [17]3 years ago
6 0

FV = 125*(1 + 0.08)^16 = $428.24 

<span>0.08*16 = 1.28 </span>

<span>a(16) = 125*e^1.28 = 125*2.718281828^1.28 = 449.58</span>
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