victoriasilletti969 victoriasilletti969

16-12-2019
Mathematics

contestada

On a deposit of $10,000 that earns 4% compound interest (compounded annually), how much will you have after 8 years?
3,200.00
$13,200.00
$13,604.89
$13,685.69

Respuesta :

amanarsalan amanarsalan

17-12-2019

Answer:

$13,685.69

Step-by-step explanation:

A = P (1 + r)ⁿ

A = $10,000 (1 + 0.04)⁸

A = $10,000 x 1.368569

A = $13,685.69

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