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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As the owner of a medium to a large company, new technologies such as AI can be used to support daily operations because of <u>Option B.</u> More accurate and efficient financial reporting (such as a reduction in human errors and increased productivity).
<h3>What is AI (Artificial Intelligence)?</h3>
Artificial intelligence (AI) is an algorithm that gives a robot or computer the ability to undertake tasks normally done by human beings.
The tasks were previously required human intelligence and discernment but can now be handled by a robot or a computer.
<h3>Question Completion:</h3>
Artificial Intelligence (AI) is not a new phenomenon, but it is still a growing concern for many industries. While the human element remains the most important factor in most businesses, the accounting industry is not exempt from the threat of new technologies. If you were the owner of a medium to a large company, how could you use new technologies such as AI to support your daily operations? Select and discuss one of the options below.
<h3>Answer Options:</h3>
Option A: Cost savings associated with payroll and other personnel costs (i.e. training and development, employee hiring)
Option B: More accurate and efficient financial reporting (i.e. reduction in human errors, increased productivity)
Thus, AI enables accurate and efficient financial reporting with increased productivity.
Learn more artificial intelligence at brainly.com/question/25523571
Answer:
I attached the answer below.
Step-by-step explanation:
I recommend using Desmos, that's what I used. It helps graph and plot points.
Hope this helps!!
There are 3 terms : 7x , 4y, and 1.
a term is separated by any math symbol
examples are =, +, *
