Post a New Question

consumer math

posted by .

The amount that results when $2,000 is compounded at 8% annually over six years

  • consumer math -

    P = Po(1*r)^n
    P=2000(1.08)^6 = 2000*1.08^6 = $3173.75.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question