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

who was involved in the Tang Dynasty?

How many possible solutions can a system of two linear equations in two unknowns have?

What would we observe on earth if the sun’s internal energy source suddenly shut off??

Please help it would mean a lot

In a certain country, the labor force is 30 million and the unemployment rate is 5 percent. What is the amount? 15 million 1.5 million

which of these is equialent to 4 to the power of 3

Which of the following would not be addressed in an EAP?A. What to do if there is an influenza outbreakB. What to do in case of a fire C. What to do in case of

I need help with whole worksheet....Thanks to whoever (or whomever) answers it!

A bus travels 36 miles in 45 minutes. enter the total numbet of miles the bus travels in 60 minuted at this rate.

What is the area of a rectangle with vertices at (−6, 3)(−6, 3) , (−3, 6)(−3, 6) , (1, 2)(1, 2) , and (−2, −1)(−2, −1) ? Do not round any side lengths.