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Triss [41]
2 years ago
8

Please answer all of the parts

Mathematics
1 answer:
Juliette [100K]2 years ago
7 0

Answer:

Step-by-step explanation:

what do you mean ?

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9514 1404 393

Answer:

  $36,259.78

Step-by-step explanation:

The formula for compound interest is ...

  A = P(1 +r/n)^(nt)

where principal P is invested at annual rate r for t years compounded n times per year.

Here, you have P = 17000, r = 0.06, n = 1, t = 13.

  A = 17000(1 +0.06)^13 = 17000(2.13292826) = 36,259.78

The accumulated value after 13 years is $36,259.78.

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