jayciejehli
jayciejehli jayciejehli
  • 19-04-2017
  • Mathematics
contestada

How much compound interest will an account of $10,000 bear after 5 years at 3% APR, compounded annually?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 19-04-2017
A=10,000×(1+0.03)^(5)
A=11,592.74

Interest earned
11592.74-10000=1592.74
Answer Link

Otras preguntas

I dont know if I am doing this correct. I understand the concept but I dont get where and how I am supposed to put the answers.
Ms. Blankenship had $80 to purchase school supplies for her class. She bought 32 glue sticks and 32 boxes of crayons. Each glue stick cost $1.40, and each box
The Texas Senate committee oversees which of the following? A. criminal justice B. natural resources C. agriculture and livestock D. environment
The individuality of an organism is determined by the
Many towns and cities have instituted nighttime curfews for children under the age of 18. These curfew laws aim to reduce criminal mischief and to ensure the sa
Name five reasons Patrick Henry gives to support his argument.
Ecosystems have trouble adjusting to short-term changes. Please select the best answer from the choices provided
If the rangefinder on the enterprise shows a fleeting shuttle craft 4,500 km away how long will it take to catch the shuttle if the shuttle travels at 12,000 mp
The _____ function is useful when you want to assign a value to a cell based on a logical test. a. if b. now c. and d. or
Ralph performs an experiment in science lab that generates a large amount of data. He wants to organize the data in a logical format so that it can be easily in