destinyogoo7 destinyogoo7
  • 03-02-2021
  • Mathematics
contestada

An investment of $5000 has an annual growth rate of 8% for 3 years
a) How much is the investment worth if the interest is compounded quarterly?

Respuesta :

WVMOKRWBFJ WVMOKRWBFJ
  • 03-02-2021

Answer: The final balance is $6,341.21.

The total compound interest is $1,341.21.

Step-by-step explanation:

Answer Link

Otras preguntas

Antibiotics can be used to treat _____.
How to get to landscape mode in microsoft word
Which of the following is the best description of 19th American gothic novels
The wires used in a heating element are usually made of?
Have no idea helppppppppppp
Which word or phrase best completes the following sentence? Quand _____ en France, j’ai visité plusieurs monuments. A) j’ai été B) l’était C) j’étais D) j’
Which of the following is a TRUE statement? A. Joseph Conrad began a campaign for Congo reform as a reporter with a weekly magazine. B. Joseph Conrad found
The national government and the state governments share the same powers. true or false
True of false an isometry preserves orientation
1. How did the invention of the cotton gin affect slavery in the United States? (did it create more or less demand for slaves, and explain why)