nofishing15 nofishing15
  • 02-04-2016
  • Mathematics
contestada

If $85 is put in an account that gets 8.5% and I add $15 per year, how much will I have at the end of 8 years?

Respuesta :

mssarkar96 mssarkar96
  • 02-04-2016
FV=PV(1+i)^n

FV =$ [85(1+0.85)^8]

FV=$ [85(1.85)^8]

FV= $ 222.21
Answer Link

Otras preguntas

Solve 3-4q=10q+10 Show your work
Subtract. –21 – (–13) a. –34 b. –8 c. 8 d. 34
In the fifth year of operation the profit of a company was 3 times the profit it earned in the first year of operation if its profit was $114,000 in the fifth y
what reminded michael palin of a slice of melon
alan is 14 years old.twice as old as his brother james is.how old is james.
What is the expanded form of 24.76?
There are several steps to opening a savings account. Select all of these steps.
Who is William Shakespeares Great Grandmother on his Mothers side?
A way of showing the round earth on a flat map
What is the outermost structure in a plant cell