arelisrod02ot59r2 arelisrod02ot59r2

01-06-2020
Mathematics

contestada

You invest money at 6% interest compounded annually for 3 years. If the future value of your investment is $1800, how much money did you invest? Show your work.

Respuesta :

xplicifire xplicifire

01-06-2020

Answer:

Step-by-step explanation:

FV = P(1+r)^t

1800 = P(1+0.06)^3

1800 = P(1.06)^3

P = 1800/(1.06)^3 = $1511

Answer Link

Otras preguntas

The complex numbers corresponding to the endpoints of one diagonal of a square drawn on a complex plane are 1 + 2i and -2 – i. What are the complex numbers cor

Despite growing numbers, minority groups in the US continue to face

Which pair of molecules both contain carbon atoms?

A criticism of the American system of federalism is that it is

The range of the function f(k) = k2 + 2k + 1 is {25, 64}. What is the function’s domain?

Which of the following is NOT an example of a liquid asset? a. cash c. a certificate of deposit b. travelers’ checks d. a checking account

A skier needs to buy new ski poles during a ski trip to Utah. The price of the poles is $24 and the sales tax is 4.7%. What is the total cost of the poles, roun

The rise of China's naval power under Admiral Cheng-Ho occurred during the _______ dynasty

What is a problem solving by following steps to draw a conclusion?

Why were scenes from celebrations and contests painted on palace walls? a. so visitors could understand the social customs of the wealthy b. To praise the royal