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

Why did people begin to use money instead of barter?

Write and solve an equation to find x

what is the perimeter of the rectangle in the coordinate plane?

what key ingredient is necessary in order for plants to produce oxygen

Fauvists, such as Maurice Utrillo, were known for their A. nationalism and respect for nature. B. use of unusual and unnatural colors. C. portray

which of the following contributed to upsurge in reading and writing

There are 17 fish in a bowl 20 fish are gone how many were leftover.

what principles of judicial review were introduced in the opinion of macbury v madison

NEED ANSWER ASAP. As children grow older, their bones grow too. The growth of the long bones happens in a plate near the end of each bone. What happens to the

Evaluate bh for for b = 5 and h = 10. Type a numerical answer in the space provided. If necessary, use the / key to represent a fraction bar. Do not type spaces