Register

Suppose you invest $5,000 at 9% interest, Compounded annually, for 10 years. Determine the future value of your investment, using the Compound interest formula!

Suppose you invest $5,000 at 9% interest, Compounded annually, for 10 years. Determine the future value of your investment, using the Compound interest formula!
asked 85.2k views
2 votes
Suppose you invest $5,000 at 9% interest,

Compounded annually, for 10 years. Determine the
future value of your investment, using the
Compound interest formula!

asked
User Concetta
by
8.6k points

1 Answer

5 votes

Answer:

$5000*(1,09)^10=~ $11836.82

Explanation:

answered
User Anther
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!