Register

How much would roderick have after 6 years if he has $500 now and leaves it invested at 5.5% with annual compounding?

How much would roderick have after 6 years if he has $500 now and leaves it invested at 5.5% with annual compounding?
asked 187k views
0 votes
How much would roderick have after 6 years if he has $500 now and leaves it invested at 5.5% with annual compounding?

asked
User Benny Davidovitz
by
7.3k points

1 Answer

3 votes
He would have 500(1.055)⁶=$689.42
answered
User MystyxMac
by
8.8k points
← Prev Question Next Question →

Related questions

User Gurghet
asked Jul 20, 2024 7.3k views
Either Roderick or James will present his or their personalized invitation to our special sale.​
Gurghet asked Jul 20, 2024
by Gurghet
8.5k points
1 answer
5 votes
7.3k views
User Joshp
asked May 9, 2024 17.9k views
What Edgar Allen Poe tale has a friend visiting Roderick usher in his home?
Joshp asked May 9, 2024
by Joshp
8.6k points
1 answer
0 votes
17.9k views
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
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!