1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
arlik [135]
3 years ago
8

You want to deposit $12,000 in a bank at an interest rate of 8 percent per year. What is the future value of this money after fi

ve years?
English
2 answers:
DanielleElmas [232]3 years ago
4 0
<span>12,000×(1.08<span>)^5 </span></span><span>and a calculator</span>
LenKa [72]3 years ago
4 0

The correct answer is: "$17,631.937"

If a certain amount of money wants to be expressed in money units of five years from now,<u> 'the Future Value Formula' needs to be applied:</u>

Future value= PV * (1 + i) ⁿ , where

  • PV = present value of the money deposited
  • i = interest rate
  • n = number of periods that the money is deposited

FV = $12,000 * (1 + 0.08)^5=  $17,631.937

You might be interested in
What are some of the benefits of study groups? Check all that apply.
Cloud [144]

Answer:

2,4,5 on edge2020

Explanation:

4 0
3 years ago
Read 2 more answers
Bài 81. Trong một kì thi vào một trường đại học có 5000 thí sinh đăng kí dự thi vào ba ngành I, II, III. Mỗi thí sinh được đăng
prohojiy [21]

Answer:

b

Explanation:

3 0
3 years ago
Which option correctly uses ellipses to quote the excerpt?
a_sh-v [17]

Answer:

The answer is A.

Explanation:

Just took the quiz.

6 0
3 years ago
The rhyme and meter work together in ""The Rainy Day"" to create a sound that is
Kay [80]
Jazzy and strong. I think.
hope this helps:)
 
3 0
3 years ago
Identify the main clause in the sentence below. then decide if the subordinate clause is used as noun, adjective, or adverb. chr
DaniilM [7]
The main clause is "Chris's chief interest was tennis".
The subordinate clause is "Which he was just learning to play" and it is an adjective clause because it describes what the "tennis" was like. Tennis is an object and this subordinate clause further describes that it is the tennis that he was trying to learn.
3 0
3 years ago
Read 2 more answers
Other questions:
  • Read the statement.
    8·1 answer
  • Which of the following is not a subject?
    10·1 answer
  • Read this sentence:
    8·2 answers
  • The addition of which of the following sentences would create an effective paragraph? Planning a party can be an easy task. Firs
    15·2 answers
  • HELP PLEASE YEAH YEAH HERE IS THE IMAGE
    14·2 answers
  • What is reading comprehension?
    13·1 answer
  • Water freezes in the cracks of rocks and then expands, breaking the rocks apart. This is an example of ___________
    10·1 answer
  • A drama in which the characters and setting are presented in typical and real-world ways is known as
    5·1 answer
  • The Puritans wanted to "purify" the English Church of all traces of the ____(blank)_ _ faith
    7·1 answer
  • Which scenario is an example of plagiarism ?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!