menu
QAmmunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Register
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
Mary invests $2500 at a rate of 7 1/2% . What will her balance be at the end of three years?
asked
Sep 24, 2023
11.8k
views
18
votes
Mary invests $2500 at a rate of 7 1/2% . What will her balance be at the end of three years?
Mathematics
high-school
Eisbaw
asked
by
Eisbaw
8.0k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
6
votes
If she invests 2500 with an annual rate of 0.075 then the equation to use will be
FV = PV(1+I)^N
Where FV = future value
Pv = present value
I = interest rate
N = number of compounding periods
So fv = 2500(1+0.075)^3
Using online calc Fv= $3105.74
TheQ
answered
Sep 28, 2023
by
TheQ
7.4k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
8.8m
questions
11.4m
answers
Other Questions
How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search QAmmunity.org