document.write( "Question 677126: to what amount will $5100 invested for 8 years at 10% compounded annually accumulate? \n" ); document.write( "
Algebra.Com's Answer #420697 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! to what amount will $5100 invested for 8 years at 10% compounded annually accumulate? \n" ); document.write( "------- \n" ); document.write( "A(t) = P(1+(r/n))^(nt) \n" ); document.write( "------ \n" ); document.write( "A(8) = 5100(1+(0.1/1))^(1*8) \n" ); document.write( "----- \n" ); document.write( "A(8) = 5100*1.1^8 = $10932.30 \n" ); document.write( "================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |