You have $1,900 in savings for retirement. If your investments earn 8% annually, how much will you have in your retirement accou
nt in 6 years?
1 answer:
Answer:
$3,015
Step-by-step explanation:
To determine the amount that you will have in 6 years, you have to use the formula to calculate the future value:
FV=PV*(1+i)^n
FV= future value
PV= present value= $1,900
i= interest rate= 8%
n= number of periods of time= 6 years
FV=1,900*(1+0.08)^6
FV=1,900*(1.08)^6
FV=3,015
According to this, the answer is that in 6 years you will have $3,015 in your retirement account.
You might be interested in
Answer:
80*
Step-by-step explanation:
Angle x + 80* add up to the vertical angle of 160*
So, 160* = x + 80*
80* = x
Yup! Line C is a transversal line
Answer:
b
Step-by-step explanation:
(y^3 * 2^5)^2
3x2=6
5x2=10
y6x2^10
If I’m correct is rational
Answer:
True, because they are under 180 degrees
"Supplementary angles are two angles with a sum of 18 0 ∘ 180 ^\circ 180∘ . A common case is when they lie on the same side of a straight line."
