brettyeager32 brettyeager32
  • 14-05-2020
  • Mathematics
contestada

Sergio's investment of $4,000 earns 2% interest compounded annually. What will be the value of Sergio's investment in 7 years?

Respuesta :

SugarCoatedTragedy
SugarCoatedTragedy SugarCoatedTragedy
  • 14-05-2020

Answer:

$4,594.74

Step-by-step explanation:

Using the expression FV=PV(1+i)^n

Where, FV=Future Value, PV=present value, i=annual interest and, n=years invested.

We get the expression: FV=4,000(1+.02)^7

Solve to get: $4,594.74

Answer Link

Otras preguntas

How can I study and learn history? I can't remember all this... ​
PLEEEEEEEEEEEEASE HELP!!!
Discuss the importance of the case of Flippo v. West Virginia (1999), and how it relates to searches at homicide scenes.
during 1 hour of television there are 2 shows on. what is the ratio of hours to shows? if you watch 3 hours of television what will the ratio be
pls help I'm stuck :)))))))))))))
Explain how climate change is altering polar ecosystem (6) marks #20points
a car travels 175 km in 3 and half hours. how long will it take the car to travel 100km?​
Hi i have a science project i have to ask 50 people that when they see blue,white green turquoise yellow orange and red what do they feel for each color very hu
Which river can swell to over 30 miles wide during its annual flooding season
is pepperoni pizza a compound or mixture?​