Waldiv0elyjazzy Waldiv0elyjazzy
  • 21-12-2016
  • Mathematics
contestada

How much will a $50 deposit made today be worth in 20 years if interest is compounded annually at a rate of 10 percent?

Respuesta :

alex3245
alex3245 alex3245
  • 21-12-2016
End Interest =  50x1.1x1.1x1.1....
End Interest = 50 x 1.1^20

End Interest = 336.37


Answer Link

Otras preguntas

the garza family drives to a state park. the remaining distance, in miles, to reach the state park is 285−60x , where x represents the number of driving hours.
Explain how to write 50,000 using exponents
What force is necessary to accelerate a 70-kg object at a rate of 4.2 m/s2 ? Show your wo k below?
2b+19 ______ - 9=3b 5 Pleas help!
5(6+3r)+7 is greater than or equal to 127
Which cereal tasty oats or corn bits has the higher ratio of protein
During colonial times, which American political party opposed the English king and Parliament?
what happens when lucy returns from narnia
Two men are playing chess. They play five games and each man won the same number of games with no tie. How is that possible?
describe a situation that can be represented by the expression 4(-2)