After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
no
Step-by-step explanation:
It should be less then or equal too, seeing as they want to reach all the way across the room.
Answer:
<h2>12 4/8</h2>
Step-by-step explanation:
1. First step
ADD
7+4=11
7+5=12
so
11
2. Second step
Now simplify
11 12/8 = 12 4/8 = 12 1/2
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Answered by: FieryAnswererGT
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Answer:
70
Step-by-step explanation:
No -- other factors will influence whether your happy or not. Saying that is true is inductive reasoning, which is prone to error
