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

11. Which of the following statements best describe organic compounds? A. Organic compounds are compounds that contain carbon and oxygen only, B. Organic compou
How to convert 25.12% into a fraction of 10,000
[ A transformer is used to operate a 24V 48W lamp from the mains of 240V, assume its efficiency is 100% 1.)Calculate the current in the primary coil (2 marks) i
Does anyone know Hindi if yes I need help
1/6(49/9-14/3)+27/73/5×33​
why is the nervous system better suited to control a person's movement than the endocrine system
Please help meee and Explain why it is ?
PLEASE I NEED HELP I THINK THAT ITS EITHER THE SECOND OR THIRD IM NOT SURE Read the following passage from G.K. Chesterton's "The Philosophy of the Schoolroom"
What are some Similarities of Lions and Tigers?
I don't know the answer, and I would like some help as fast as possible, please