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

What is the mass, in grams, of a pure iron cube that has a volume of 3.70cm cubed?
what is 5.25 as an improper fraction?
When the mRNA and joins with the ribosome, the resulting structure is called the ___________. A. Endoplasmic reticulum B. mRNA-ribosome complex C. translation c
Jerry’s new car has a list price of $22,415. The sales tax in Jerry’s state is 8.75%, and he is responsible for a $1,925 vehicle licensing fee and a $79 documen
A child has a sickle-cell disease but neither parent is ill. what must be true of her parents genotypes
What is regulation in an economic system??
Define the term monogram. Why are they used by artists?
What economic, social, and political changes are needed to improve Haiti?
why does our body skin turn pinkish due to exercise?
Kyra observed that 85% of the students at a library liked reading mystery stories. If 30 students at the library did not like reading mystery stories, the numbe