arelisrod02ot59r2 arelisrod02ot59r2

01-06-2020
Mathematics

contestada

You invest money at 6% interest compounded annually for 3 years. If the future value of your investment is $1800, how much money did you invest? Show your work.

Respuesta :

xplicifire xplicifire

01-06-2020

Answer:

Step-by-step explanation:

FV = P(1+r)^t

1800 = P(1+0.06)^3

1800 = P(1.06)^3

P = 1800/(1.06)^3 = $1511

Answer Link

Otras preguntas

The $25 you deposit into your savings account when you receive a paycheck is an example of money being used as a

Where does the primary source of energy needed for life come from? A. Solar energy B. Geothermal energy C. Nuclear energy D. Kinetic energy

Winona purchased a set of vintage beads.There are 2,140 beads in the set. If she uses the beads to make bracelets that have 7 beads each, about how many bracele

what did king charles do to upset the people of england

Use the ratio table to find the unit rate with the specified units

Select the items that explain why Southerners discounted the advantages of the North

what is the constant in this equation? y = 4x - 110

Which of the following causes the MOST conflict in the Middle East? Question 3 options: water and gold land and religion immigration and currency

Explain why some types of magma form igneous rocks that are dark colored and dense.

I'm stuck, can someone help me. Maddie wanted to make a sugar-water solution to put in her hummingbird feeder. She found some sugar cubes and was about to drop