gabe2152 gabe2152

16-08-2019
Computers and Technology

contestada

If the present value of an investment is 5000, what will be its future value in three years if you apply a compound interest of 5 percent to it?

Respuesta :

mathmate mathmate

16-08-2019

Explanation:

Present value = 5000

interest = 5% (ASSUMED compounded yearly)

Future value after three years

= (5000)*(1.05^3)

= 5788.12 (nearest cent)

Answer Link

Otras preguntas

What is the function of the placenta? It fertilizes an egg. It covers the cervix. It protects the vagina. It nourishes the embryo.

i need help please help

Why was there a need for order after the death of Charlemagne?

Sarah is twice as old as her youngest brother if the difference between their ages is 15 years how old is her youngest brother

What tradition does Smith describe in this excerpt? A Tree Grows In Brooklyn

What is the speed of sound?

Select the pronoun that correctly completes this sentence: Each of us is willing to do ______ part to ensure the project is completed in time. A) my B) our C)

what is required for water to evaporate

Why was there a need for order after the death of Charlemagne?

How was society organized in Western Africa?