justin1357911me justin1357911me

04-05-2020
Business

contestada

Yao decides to place a $2,000 deposit at the end of each year into a bond fund that earns 6% annually. Find the amount of the investment in 20 years

Respuesta :

isaacoranseola isaacoranseola

10-05-2020

Answer:

$6414.27

Explanation:

P= C ( 1+r )^t

Where C = $2000, r =6% and t = 20years

P = 2000 ( 1 + 6/100 )^20

P = 2000 ( 1+0.06 )^20

P = 2000 ( 1.06 )^20

P = 2000×3.20713

P = 6414.2709

P = $6414.27

Answer Link

Otras preguntas

What northern state was the first to observe Memorial Day? Virginia Massachusetts New York Pennsylvania

Which figure emerged from the August Coup as a national hero in Russia?

What is the value of x? Round your answer to the nearest tenth. x2 = 112

How do you solve for a missing component x ? 180:x::12:24

The two main philosophies in state politics are _____. A)liberalism B)rationalism C)materialism D)conservatism

What is produced as a result of mitosis? A. Two cells, each containing half the number of chromosomes of the original cell B. Two cells, each containing the sam

raise 2/7 to a fraction with denominator of 28.

Which phrase best describes the “cause” that Paine refers to

what is air currents caused by temperature differences

What made the Mexican victory so remarkable and suprising? A. The French were larger and better equipped. B. The Mexican army had no weapons. C. The French paid