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A. Determine the value of an account in which a person invested $6000 for 12 years at an annual rate of 9% compounded annually (n= 1).​
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A. Determine the value of an account in which a person invested $6000 for 12 years at an annual rate of 9% compounded annually (n= 1).​

A. Determine the value of an account in which a person invested $6000 for 12 years-example-1
User Anand Rockzz
by
5.8k points

2 Answers

2 votes

Answer:

1648

Explanation:

A=p(1+rt)

=6000$(1+(9/100)×12))

=1648.56

User Pinux
by
4.5k points
0 votes

Answer:

16875.98

Explanation:

6000(1+(0.09/1)^1*12 = 16875.98

User TJHeuvel
by
4.2k points
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