Thursday

February 26, 2015

February 26, 2015

Posted by **Logan** on Thursday, June 4, 2009 at 12:58am.

- Essential Mathematics -
**MathMate**, Thursday, June 4, 2009 at 1:18amAt 6%, the total amount after one year is 6%+100%=106% or 1.06.

Beginning of first year

$1000

End of first year

$1000*1.06=$1060

End of second year:

$1000*1.06^2

$1060*1.06=$1123.60

End of third year:

$1000*1.06^3

=$1123.6*1.06=$1191.02

Can you take it from here?

**Answer this Question**

**Related Questions**

math - Actually calculate the final amount on $1000 compounded annually at 6% ...

finances - Calculate the future value of the following: o $5,000 compounded ...

Mathematics - In the problems 1 to 3, find the present value of the given (...

Finances and Math - Can someone please help me solve these problems or help me ...

Accounting - Calculate the future value of the following: o $5,000 compounded ...

Fianacial Management in Health Care Organizations - Resource: Ch. 5 of Financial...

Accounting - How do I calculate the future value of the following? $5,000 ...

math - Jeanette wishes to retire in 30 years at age 55 with retirement savings ...

Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...

Compound interest - Hello My teacher skipped over this and I have no clue how to...