keykeyboyd202 keykeyboyd202

09-12-2020
Mathematics

contestada

A. Determine the value of an account in which a person invested $6000 for 12 years at an annual rate of 9% compounded annually (n= 1).

A Determine the value of an account in which a person invested 6000 for 12 years at an annual rate of 9 compounded annually n 1 class=

Respuesta :

shamsmsamsh shamsmsamsh

09-12-2020

Answer:

16875.98

Step-by-step explanation:

6000(1+(0.09/1)^1*12 = 16875.98

Answer Link

joseph4163 joseph4163

09-12-2020

Answer:

1648

Step-by-step explanation:

A=p(1+rt)

=6000$(1+(9/100)×12))

=1648.56

Answer Link

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