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earnstyle [38]
3 years ago
12

I

Mathematics
2 answers:
babymother [125]3 years ago
8 0

Answer:

A≈<u>156753.03</u>

Step-by-step explanation:

Dafna11 [192]3 years ago
4 0

Answer:

$154,763.5

Step-by-step explanation:

A = P(1 + r/n)^nt

Where,

A = future value

P = present value

r = interest rate

n = number of periods

t = time (years)

P = 97,000

r = 6% = 0.06

n = 365

t = 8 years

A = P(1 + r/n)^nt

= 97,000(1 + 0.06/365)^365*8

= 97,000(1 + 0.00016)^2,920

= 97,000(1.00016)^2,920

= 97,000(1.5955)

= 154,763.5

A = $154,763.5

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