arelisrod02ot59r2 arelisrod02ot59r2

01-06-2020
Mathematics

contestada

You invest money at 6% interest compounded annually for 3 years. If the future value of your investment is $1800, how much money did you invest? Show your work.

Respuesta :

xplicifire xplicifire

01-06-2020

Answer:

Step-by-step explanation:

FV = P(1+r)^t

1800 = P(1+0.06)^3

1800 = P(1.06)^3

P = 1800/(1.06)^3 = $1511

Answer Link

Otras preguntas

What is the oxidation number of o in na2so4?

The graph below represents which of the following functions?

What was the negative effect of compromise of 1850

A purple-and-green spinner landed on purple on 8 out of 20 spins. What is the experimental probability that the next spin will land on purple?

A patient who has received some traumatic news is panicking and asks for some medication to help settle down. the nurse anticipates giving which drug that is mo

Computers are not just stand-alone desktop machines anymore. They are often embedded in common appliances and technology that we use every day. Which of the fol

Which best describes the shape of this distribution?

Which nineteenth-century American values came from the Puritans of the 1600s?

Select the correct statement: (3 points) Select one: a. The harvest takes place in the winter. b. You can work the harvest in the spring. c. September is the mo

x2+y2+14x-12y=-69 wat is the center and radius of the circle