kamhickey
kamhickey
20-03-2017
Mathematics
contestada
$850 at 8% for 8 years, compounded annually.
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apologiabiology
apologiabiology
20-03-2017
A=P(1+r)^t
r=rate in decimal
A=future amount
P=present amount
t=time in years
A=850(1+0.08)^5
A=850(1.08)^5
A=1573.29
Answer Link
Dave1357
Dave1357
20-03-2017
The answer will be 1573. 29
Hope It helps! :D
Answer Link
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