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
lisabon 2012 [21]
3 years ago
9

If you invest $7000 in an account that pays 6% interest compounded annually, what is the total amount of money that you would ha

ve at the end of 8 years?
Mathematics
1 answer:
blondinia [14]3 years ago
6 0

Answer:

FV= $11,156.94

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $7,000

Number of periods (n)= 8 years

Interest rate (i)= 6% compounded annually

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 7,000*(1.06^8)

FV= $11,156.94

You might be interested in
6 text 3/4 of a minute what was his rate of texting
Ilya [14]

<em>Answer:</em>

<em>8</em>

<em>Step-by-step explanation:</em>

<em>6:0.75</em>

<em>0.75 divided by 0.75=1</em>

<em>6 divided by 0.75=8</em>

<em>8:1</em>

<em>Best,</em>

<em>SunflowerJada</em>

8 0
3 years ago
What is the sum of 2+2x345/234x238656
AnnyKZ [126]

Answer:

2

Step-by-step explanation:

5 0
3 years ago
A cylindrical container is packaged inside a prism-shaped box. The box has a volume of 96 cubic units. If the container has a di
Anna71 [15]
Volume of container = <span>π x 4^2 x 6/4 = 75.40 cubic units
volume of empty space = volume of box - volume of container = 96 - 75.40 = 20.60 cubic units
</span>
4 0
3 years ago
Read 2 more answers
At 2:00 p.m. two cars start toward each other from towns that are 240 miles apart. The rate of one car is 15 mph faster than the
Vesnalui [34]

Hello! :)

The <u>answer</u> is x+15!

~Hope it helps!~ :)

3 0
3 years ago
What does this graph show<br> inverse <br>direct<br> neither​
grin007 [14]

Answer:

i think the given graph is inverse

3 0
2 years ago
Other questions:
  • Solve 2 cos theta + 2 = 3 in the interval from 0 to 2pi. Round to the nearest hundredth.
    10·1 answer
  • I need help on my math hw please and thanks!!
    15·1 answer
  • The points A, B, C, and D are on a number line, not necessarily in that order. If the distance between A and B is 18 and the dis
    11·1 answer
  • A farmer has 200m of fencing. What is the area of the largest square paddock that could be fenced
    10·1 answer
  • 1000 divided by _____________= 100
    15·2 answers
  • What’s is the difference between an improper fraction and mixed number
    7·1 answer
  • Help please ill give brainlyest​
    10·2 answers
  • the regular price of a camera 180.00.the camera is on sale for 25% off the regular price.what is the sale price of the camera in
    11·2 answers
  • Help! Find the domain of the graph
    9·2 answers
  • How do I factor the following equation in the link? It has been factored, but I need to know the steps.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!