SOLUTION: $775 invested for 12 years at 12 percent compounded annually
Algebra.Com
Question 312828: $775 invested for 12 years at 12 percent compounded annually
Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!
$775 invested for 12 years at 12 percent compounded annually
.
where
A is amount after t time
P is initial amount
r is rate
n is number of times compounded in a year
.
Since it's compounded annually n is 1
Plug in the given numbers:
(dollars)
RELATED QUESTIONS
Need help with finance. Please please help. Thank you so much.
To what amount will the (answered by rfer)
To what amount will the following investments accumulate?
1. $5,000 invested for 10... (answered by solver91311)
Compound interest) To what amount will the following investments accumulate?
a. $5,000... (answered by rfer)
Hi can someone please help me solve for this, and or let me know if I'm on the right... (answered by rfer,solver91311)
5-1A. (Compound interest) To what amount will the following investments accumulate?
a.... (answered by solver91311)
5-1B. (Compound interest) To what amount will the following investments accumulate?
a.... (answered by rfer)
What is the future value of $7,200 invested for 8 years at 7 percent compounded... (answered by ikleyn)
(Compound value solving for n)How many years will the following take?
a) $500 to grow... (answered by ewatrrr)
What would %$5,00 invested for 9 years at 11 percent compounded annually will accumulate... (answered by rfer)