1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
timurjin [86]
3 years ago
13

V5. Suppose you invest $5,000 at 9% interest, compounded annually, for 10 years. Determine the future value of your investment,

using the compound interest formula.
Mathematics
1 answer:
Elanso [62]3 years ago
4 0

Answer: $11836.8

Step-by-step explanation:

Given. That :

Amount invested = $5000

Interest rate = 9% = 0.09

Period = 10 years, compounded annually

Using the compound interest formula :

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

A = final amount

P = principal or invested amount

r = rate of interest

n = number of times interest Is applied per period

t = period

A = 5000(1 + 0.09/1)^(1*10)

A = 5000(1.09)^10

A = 5000 * 2.36736367459211723401

A = 11836.81837296058617005

= $11836.8

You might be interested in
Simplify (5 +1)2 — (12 + 32) + 3
Alinara [238K]

Step-by-step explanation:

=( 5 + 1 )2 - ( 12 + 32 ) + 3

=6 * 2 - 44 + 3

=12 - 44 + 3

= -29

3 0
3 years ago
Read 2 more answers
Hello i need help on this pls <br>​
zvonat [6]
I think it says thirteen divided by thirteen and it will equal thirteen with a remainder of two hope this helps you out
8 0
3 years ago
Help lol pleaseeeee<br> I don’t know what to do
Tanya [424]
I think the answer is 4

If my memory serves me right then you have to do Q3-Q1

This is 6-2

The answer would be 4


Hope this is right and it helps :)
5 0
3 years ago
Read 2 more answers
Rewrite √32/8 into simplified radical form
fomenos


Factor out the largest perfect square of 32.
( in this example we factored out 16 )
Rewrite
____
/16⋅2

as the product of two radicals.
The square root of 16 is 4.
Divide numerator and denominator by 4.

8 0
2 years ago
The square root of the quotient of a number and 6 is 9. find the number
erastovalidia [21]
Sq root (x / 6) = 9
We square both sides:
(x / 6) = 81
x = 486


4 0
3 years ago
Other questions:
  • A water cup is shaped like a cone. It has a diameter of 3 inches and a slant height of 5 inches. About how many square inches of
    6·1 answer
  • A rectangle measures 15cm by 6cm what is its area
    12·1 answer
  • Audreys Candy Store sold 22 individual pounds of jelly beans, one kind at $3.87 per pound and the other at $0.94 per pound. In a
    11·1 answer
  • Simplify -7(-2w-3)+5
    6·1 answer
  • If AABC = ADEC,<br> ZB = 3x and ZE = 6x - 39
    6·1 answer
  • What is the expression for seven is less than m
    8·2 answers
  • A rectangle is 8 feet long. It’s width is represented by “seven plus x feet.” Which expression represents the area, in square fe
    10·1 answer
  • 144 in
    13·2 answers
  • Can you help me with this I don’t know how to do it
    8·2 answers
  • The question in the picture
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!