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

Question 4: What is the solution of the system? * .A .B .C .D

Help anyone can help me do this question,I will mark brainlest.

1. Which of the following is a shrub ? (a) Tomato (b) Mint (c) Coconut (d) Lemon 2. Which of the following is a climber ? (a) Potato (b) Grape (c) Both of these

According to Euclid's second postulate, how far can the line segment be extended in either direction? A) forever B) not at all C) until it intersects the x-axis

How did the Phoenicians’ willingness to travel far for trade eventually lead to the spread of their civilization? please write a phargraph at least

[tex]x-2=11[/tex] -------------------

name four layers of atmosphere

why was the discovery of high temperature superconductors so startling to scientists?

Which is the best definition of the term "difference"? A. Another name for a subtraction problem. B. The number you are subtracting. C. The answer to a subtract

Please solve this for me