AnhQNguyen4281 AnhQNguyen4281

28-11-2020
Business

contestada

Suppose that you invest $100 today in a risk-free investment with an annual compounding interest rate of 4%. What will be the value of your investment in 4 years?

Respuesta :

PiaDeveau PiaDeveau

28-11-2020

Answer:

Value of investment = $117

Explanation:

Given:

P = $100

r= 4% = 0.04

n = 4 years

Computation:

A = P(1+r)ⁿ

A = 100(1+0.04)⁴

A = 100(1.04)⁴

A = 116.9858

A = $117

Value of investment = $117

Answer Link

Otras preguntas

square root of 10201 by long division

What place is eight and 46.38

Singly charged gas ions are accelerated from rest through a voltage of 10.3 V. At what temperature (in K) will the average kinetic energy of gas molecules be th

The employees at Keyboard Corporation are extremely motivated to achieve their work-related goals, and they believe the company gives them to resources to do so

Sprout has created a unique market offering by integrating its programs with both children and parents. This unique offering that creates superior customer valu

How many pounds of butterscotch candy at $2.45 per pound must the Candy Castle mix with caramel candy at a dollar and $1.35 per pound to obtain a 5 pound mixtur

24= 3/4r I am solving for r

Choose the best translation. You need to decide! Du musst dir entscheiden. Du musst entscheiden. Du musst dich entscheiden. Du musst sich entscheiden.

The Postal Act of 1879 increased literacy and reduced cover prices, and ______ fueled the booming interest in mass circulation magazines after the Civil War.

According to Piaget, which stage of cognitive development occurs between approximately ages 2 to 7 years, in which children's use of symbolic thinking grows, me

ACCESS MORE EDU ACCESS