document.write( "Question 202873: Need help with finance. Please please help. Thank you so much.\r
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document.write( "To what amount will the following investments accumulate?\r
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document.write( "a. $5,000 invested for 10 years at 10 percent compounded annually
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document.write( "b. $8,000 invested for 7 years at 8 percent compounded annually
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document.write( "C. $775 invested for 12 years at 12 percent compounded annually
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document.write( "D. $21,000 invested for 5 years at 5 percent compounded annually
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Algebra.Com's Answer #153038 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=P(1+r)^n \n" ); document.write( "-------------------------- \n" ); document.write( "a) 5000(1+.10)^10 \n" ); document.write( "5000(1.10)^10 \n" ); document.write( "5000*2.59734246=$12986.71 \n" ); document.write( "------------------------- \n" ); document.write( "b) 8000(1+.08)^7 \n" ); document.write( "8000(1.08)^7 \n" ); document.write( "8000*1.713824269=$13710.59 \n" ); document.write( "--------------------------- \n" ); document.write( "The procedure is the same for the other two. \n" ); document.write( "Give them a try. \n" ); document.write( "Good luck. \n" ); document.write( " |