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
Learn more about Compound Interest formula at:
#learnwithBrainly
Answer:
c is the answer
Step-by-step explanation:
It is the only graph that starts at (1,0)
and if you look closely the slope is 3
Multiply all 4 an the answer is gonna be the area
10 times 20,000 equals 200,000. So the answer is C, the value of the 2 is 10 times greater
Based on the information given, the person who doesn't qualify for the income tax credit will be A. Ivy, age 22, is single with no dependents. She is not a dependent of another person. She has wages of $6,500 and an investment income of $11,150.
It should be noted that the earned income tax credit is important as it helps low-income workers get a tax break.
From the options given, Ivy is the taxpayer that does not qualify for the 2021 Earned Income Tax Credit. This is because she's not a dependent of another person.
Learn more about tax credit on:
brainly.com/question/25895721
