jlawrencepatten jlawrencepatten

16-10-2019
Mathematics

contestada

Suppose you invest $5,000 at 9% interest, compounded annually, for 10 years. Determine the future value of your investment, using the compound interest formula.

Respuesta :

bernellejoseph12 bernellejoseph12

20-10-2019

Answer:

12256.79

Step-by-step explanation:

S=P(1+i)^n

i=9/12

=0.75

Divided by 100

=0.0075

n=12x10

=120

5000(1+0.0075)^120

=12256.79

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