If you want to have $10,000 in 10 years, which of the following formulas represents how much money you must put in a savings account today? Assume that the savings account pays 6% and it is compounded monthly. 10,000/(1+.006)^120 10,000/(1+.0
If you want to have $10,000 in 10 years, which of the following formulas represents how much money you must put in a savings account today? Assume that the savings account pays 6% and it is compounded monthly.
Answer
10,000/(1+.006)^120
10,000/(1+.06)^10
10,000/(1+.005)^120
10,000/(1+.05)^10
13 years ago
3
Answer(4)![blurred-text]()
![]()
![blurred-text]()
![]()
![blurred-text]()
![]()
![blurred-text]()
![]()
Purchase the answer to view it

NOT RATED
Purchase the answer to view it

NOT RATED
Purchase the answer to view it

NOT RATED
Purchase the answer to view it

NOT RATED
Bids(0)
other Questions(10)
- 2976407z*87/8766 z=6760
- 4/3n-2/7=78/21
- Quick help
- Your organization’s datacenter is located on one of the floors of the building that the organization rents. It has 6...
- how many liters of O2 can be made from 342g H2O2 if the density of O2 is 1.428?
- In the Holt Literature language arts second course pg 425, what are the answers?
- p=irt make t the subject
- What percent of 88 is 33?
- case study
- Write a composite time signature in which triple meter in 8th notes is followed by a duple meter in quarter...