f the present value of an investment is $5,000, what will be its future value in three years if you apply a compound interest of 5 percent to it?
1 answer:
Answer:
6381.4078125 or $6381.41
Step-by-step explanation:
Pn- future value of P0
P0- original amount invested
r- rate of interest
n- number of compounding periods (months, years, etc.)
Pn = P0(1+r)n
= $5000(1+0.05)5
= 6381.4078125 or $6381.41
You might be interested in
The answer is B. Hope this helps :)
Answer: 13
Step-by-step explanation:
first divide and then it comes out 13 then check your math so then it puts 120 its correct
I think the correct answer would most likely be true
Answer: $700 explanation: they lost 175 EACH DAY so 175 x 3 = 525 add another 175 for the fourth day 525 +175 = 700 They lost a total of $700 on the fourth day.
Answer:
0,1,2,3
Step-by-step explanation: