Mathematics: ASAP Calculate the ending balance of investing $18,000 at 9% Annual Compound Interest for 20 years. Question 2 options: $82,879.39 $100,879.39 $32,400 $50,400

ASAP Calculate the ending balance of investing $18,000

KaylaMaria

20.01.2022

$\$100,879.39$

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

$t=20\ years\\ P=\$18,000\\ r=9\%=9/100=0.09\\n=1$

substitute in the formula above

$A=18,000(1+\frac{0.09}{1})^{1*20}$

$A=18,000(1.09)^{20}$

$A=\$100,879.39$

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queenpaige2015

24.03.2020

The equation is false

Step-by-step explanation:

10 - 9 x 24 = 8 x 6

Multiply

10 - 216 = 48

Add 216 to both sides of the equation

10 ≠ 244

False

Hope this was useful to you!

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