Vegitoblue27 Vegitoblue27

11-05-2021
Mathematics

contestada

Find the balance of a savings account at the end of years if the interest earned each year is . %. The principal is $. what is it please?

Respuesta :

anthonyfeliciano579 anthonyfeliciano579

11-05-2021

Answer:

You can use the time value of money formula.

FV = PV(1 + r)^n

FV = future value

PV = present value

r = interest rate = percentage/100

n = number of compounding periods

FV = 500*(1 + 0.075)^10 = $ 1030.52

Answer Link

Otras preguntas

Simplify under given conditions. Give an example of such value of x that the expression simplifies differently. x+4+x-4if-1≤x≤1

A June 2022 study from the National Academy of Sciences found that goverhment funded health care could have saved the US $105.6 billion in hospitalization costs

8.288.1LiquidIf the boiling point of nitrogen gas is -196°C, what can be deduced about.the amount of energy required to change the state from liquid to gas;the

Organizational synergy is the decreased customer value achieved through performing organizational functions such as marketing and manufacturing more efficiently

Seafloor Spreading Mantle convertion rises up to the surface at cause Seafloor Spreading. Hot, less dense material below Earth's crust rises up to the surface a

Hypothesis of infrastructure failure in Johannesburg

Which government official suggested the idea of violating the Boland Amendment?O John PoindexterO Ronald ReaganO John TowerOliver North

1. A carpenter tosses a shingle off a 9.4 m high roof, giving it an initial horizontal velocityof 7.2 m/s.a. How long does it take the shingle to reach the grou

Part of a firm's appeal to investors is what factor? a. the availability of harvest options b. the variety of products or services offered c. the production sch

A linear function modeling the number of homes for sale in a neighborhood each day last month has a constant rate of change of 14 homes per day and passes throu