makaylahunt
30.07.2019 •
Mathematics
Hey, i have some questions on some math problems for algebra 2. think you can ? here's the first one : ) some investments in the stock market have gained 10% annually. the total value of the investment, a, and this rate can be found using a= p(1.10)^n where p is the initial value of this investment, and n is the number of years the money is invested. if $1,000 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years? 1. $4,054.47 2. $5,559.92 3. $18,700.00 4. $19,800.00 i originally thought it was $18,700.00 but i don't know
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Ответ:
A=P(1.10)^N
P=$1000
N=18
A=1000 (1.10)^18
A = 1000 * 5.55991731349
A=5559.91731349
Rounding off to the nearest hundredths, we get
A = $5559.92
The expected total value after 18 years is $5,559.92
Ответ: