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

How to find the height of an equ triangle given the perimeter?
the perimeter of a rectangle is 30 inches. if its length is three times its width,find the dimensions
in a chemical reaction, mass is conserved. this means that...
Greg needed to earn some money to help pay for
A pendulum has 295 J of potential energy at the highest point of its swing. How much kinetic energy will it have at the bottom of its swing?
Water flows out of a tap at a rate of 1.5 gallons per minute. At this rate, how much water will flow out the tap in 1/2 hour?
The square of sophie's age is 16 less than joanna's age. it is also the case that joanna's age is 8 times that of sophie. how old is joanna?
The number of counties in state a and the number of counties in state b are consecutive even integers whose sum is 110110. if state a has more counties than sta
Éramos una hermosa tarde de verano. correct incorrect
If a 0.500 l sample of helium has a pressure of 170 mm hg and a temperature of 25.0 °c, how many moles of helium are present?