SOLUTION: If an investment of $25,000 earns 9% annual interest, approximate the value of the investment after 24 years.
Algebra.Com
Question 402048: If an investment of $25,000 earns 9% annual interest, approximate the value of the investment after 24 years.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=P(1+r)^t
A=25000(1.09)^24
A=197,777.00
RELATED QUESTIONS
If an investment of $25,000 earns 9% annual interest, approximate the value of the... (answered by rfer)
Investors sometimes use the rule of 72 to determine the time required to double an... (answered by rfer)
An investment of $2000 earns an annual interest rate of 4%.What will be the value of the... (answered by stanbon)
An investment broker deposits $2000 into an account that earns 4.4% annual interest... (answered by rfer)
The future value of an investment is the value of the investment after a certain period... (answered by nerdybill)
if a person invests $250 at 9% annual interest, find the approximate value of the... (answered by Alan3354)
find the present value of an investment at 4% annual simple interest and is worth $6900... (answered by Fombitz)
If a Php 25,000 investment receives 5% interest each year, after how many years will the... (answered by math_tutor2020)
An initial investment of $3,000 earns 7% interest compounded continuously. What will the... (answered by ikleyn)