mikealvarenga2 mikealvarenga2

23-01-2020
Mathematics

contestada

"$12 million per year. grow 10% compounded annually over the next 5 years. What will demand be in 5 years?"

Respuesta :

musiclover10045 musiclover10045

23-01-2020

Compound interest formula:

Amount = starting value x ( 1+ interest rate/compounds per year)^(compound per year x number of years)

Amount = 12,000,000 x (1+ 0.10/1)^(1x5)

Amount = 19,326,120.00

Answer Link

Otras preguntas

10 less than a number is the same number doubled. What is the number?

jndxihdhwquihxois2njknz'oqwjskzlnzljx

Tropical storms have greater wind speeds than tropical depressions but less than a hurricane. They also have __________.

Help. What does 4^5×4^7=

Which of the following is NOT an observation? a.The apple tastes sour b.The apple weighs about 38 g c.The apple is light green in color d.Apples are the best fr

What is Hawthorne's overall message about the nature of man?

Which expression is equivaleny to 0.7 + p + 0.86p? A.1 + 1.56p B.p + 1.56 C.2.56p D. -0.84p

what happened to the african cultures after africans were sold into slavery

Please help me Write an equation for the question You withdraw $100 from the ATM machine. The new balance is $372. What was the ordinary balance b of your acc

Simplify the radical /8106.