ValerieRubyPena
22.07.2019 •
Mathematics
Find the balance in the account after the given period. $2000 principal earning 6% compounded annually, for 8 years. the balance after 8 years will be $
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Ответ:
P (t) = P (1 + r / n) ^ (n * t)
Substituting values we have:
P (8) = 2000 * (1 + 0.06 / 1) ^ (1 * 8)
P (8) = 3187.696149
Rounding off we have:
P (8) = 3187.7 $
The balance after 8 years will be $ 3187.7
Ответ:
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Step-by-step explanation:
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