Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. if 8 000 is invested at 9 per year compounded mont

If 8 000 is invested at 9 per year compounded monthly the future value S...

80.2K

Verified Solution

Question

Basic Math

image

If 8 000 is invested at 9 per year compounded monthly the future value S at any time t in months is given by S 8 000 1 0075 t a What is the amount after 1 year Round your answer to two decimal places b How long before the investment doubles Round your answer to one decimal place months

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Let D(x, y) be the predicate defined on natural numbers x and y as follows: D(x,...

Biology
1.2K views

A plant breeder has a plant with the dominant phenotype for a single-gene tralt. The...

Biology
1.2K views

Of the visible light spectrum the rate of photosynthesis is greatest under Multiple Choice O...

Physics
1.2K views

6 In a YDSE with two identical slits when the upper slit is covered with...

Physics
1.2K views

In digital communication role of Channel encoder is multiple correct answers To convert analog information...

Statistics
1.2K views

1 Solve the triangle with the given angles and sides 6 points B 52 C...

Algebra
1.2K views

4 10pts Graph the following functions by using transformation from f x ln x a...

Algebra
1.2K views

implify the following expression 4a 49 3 4a b4 Simplify your answer Use integers or...

Accounting
1.2K views

100% QUESTION COMA) Part...

Accounting
1.2K views

As a manager of a business, why would you review adjusting entries?

Accounting
1.2K views

XYZ Company provided services of OMR 35,000. The company...

Accounting
1.2K views

Hello...I need some help in figuring out this question: On January 1, 2016, Redwood Co....