jordanjjessie01 jordanjjessie01
  • 02-07-2020
  • Mathematics
contestada

Find the future value of $2000 invested at annual rate of 2.4% compounded quarterly for 8 years. Round your answer to hundredths (2-decimal) place

Respuesta :

gilbertazavedo72
gilbertazavedo72 gilbertazavedo72
  • 02-07-2020

Answer: $2421.95

Step-by-step explanation:

A = p(1 + r/n) ^nt

A= 2000(1+0.024/4)^4x8

A= 2421.95

Answer Link

Otras preguntas

Simon paid $172.75 for a game system and then bought three equally-priced games. If he spent a total of $348.79, what is the price , p, of one game?
Describe the effect of the Cold War on the nuclear arsenals of the US and the USSR.
Idek what this is! help!!
1. Joe worked 80 hours in the last pay period (2 weeks) and he earns $12 per hour.
m=110 what is m, the measure in degree s of third angle m=40 m=70 m-30
y = 5х – 7 —3х – 2 y = -12
(GIVING BRAINLIEST!!!!!!!!!)
[tex]9x^{2} + 16 = 24x[/tex]
The blank of a number always represents the distance of that number from zero on a number line.
sales of 10 000 increase by 65 each year​