SOLUTION: $8,600 is invested for 5 months at 9% per year what is the future value
Algebra.Com
Question 318463: $8,600 is invested for 5 months at 9% per year what is the future value
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
I= p*r*t
p= 8600
r=9% ( 0.09)
t=5/12 years
..
I= 8600 *0.09 *5/12
I=322.5
Future value = $8600+322.5 = $8922.50
RELATED QUESTIONS
$39,900 is invested for 6 months at 8% p.a.
What is the future value and... (answered by MathLover1)
What will be the future value in a year if $600 is invested at a rate of 15% compounded... (answered by mananth,amalm06)
Find the future value of $600 for invested for 5 years at 8% compounded... (answered by rfer)
What is the future value of $7,200 invested for 8 years at 7 percent compounded... (answered by ikleyn)
600 invested for 3 years at 25%
What is the interest per... (answered by JulietG)
What is the future value of $4200 saved each year for 15 years at 9 percent... (answered by jorel1380)
Compute the simple interest INT for the specified length of time and the future value FV... (answered by ikleyn)
a savings account investment of $1400 at 9% coumpounded yearly for 6 months what is the... (answered by stanbon)
1. If you lend $3600 to a friend for 15 months at 10% annual simple interest, find the... (answered by stanbon)