Register

Jose now has $500. how much would he have after 6 years if he leaves it invested at 5.5% with annual compounding?

Jose now has $500. how much would he have after 6 years if he leaves it invested at 5.5% with annual compounding?
asked 225k views
1 vote
Jose now has $500. how much would he have after 6 years if he leaves it invested at 5.5% with annual compounding?

asked
User Randal Schwartz
by
9.2k points

1 Answer

4 votes
Amount after 6 years = 500(1 + 0.055)^6 = $689.42  Answer
answered
User Sean Coyne
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 =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!