kcharland kcharland

02-04-2018
Mathematics

contestada

If $85 is put into an account that gets 8.5% and I add $15.00 per year, how much will I have in 8 years

Respuesta :

CastleRook CastleRook

11-04-2018

Using geometric progression formula
sn=[a(r^n-1)/(r-1)]
s8=[15(1.085^8-1)/(0.085)]
The total amount will be given by:
85(1.085)^8+[15(1.085^8-1)]/0.085
=325.7109
After 8 years we shall have 325.71

Answer Link

Otras preguntas

What did Charleston and New York have in common

How does conserving and recycling paper help manage energy resources? A. Paper that has been used can be burned to produce energy B. Making paper requi

PLEASE HELP ME I BEG I REALY NEED HE;LLP!!!!

Blasphemy is to religion as treason is to

Electronic ledger that tracks mathematical data

How do you say I think in Chinese?

how do you say day of the dead in french

Coronary artery disease is a disease of the heart where the arteries and blood vessels become clogged with fat deposits called _____.

What is the number of vibrations that occur in a given time interval?

All insurance is based on a principle called A. premium earnings. B. cash value coverage. C. investment premiums. D. division of risk.