What would be the compound amount after 19 years an investment of 42,000 with an 11% interest rate compounded annually?

1. 👍 0
2. 👎 0
3. 👁 97
1. P = Po*(1+r)^n

r = 11%/100% = 0.11 = APR expressed as a decimal.

n = 1Comp/yr * 19yrs = 19 Compounding
periods.

Plug the above values into the given Eq

1. 👍 0
2. 👎 0
posted by Henry

## Similar Questions

1. ### compemtary math

. To determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table

asked by mary on October 3, 2013
2. ### Calculus

I am confused on how to solve this problem : \$5000 is invested for 4 years at 7% per annum compound interest. a. what will the amount be at the end of this period? b. what is the expression for the value of the investment after n

asked by Jess on February 15, 2007
3. ### Contempoary Mthematics

Question8: Using the Present Value Table on page 358 of your text to compute the present value (principal) for an investment with a compound amount of \$20,000, a 30 moth term of investment, and a 14% nominal interest rate compound

asked by Erica Walden on October 3, 2013
4. ### math

Romy invested \$5,000 into an account that pays 5% compound semi-annually. He intended to keep the account untouched for five years. However, after three years he had to withdraw \$3,000. Find the amount left in the account five

asked by Lula on May 5, 2018
5. ### math

What would be the compound amount after 19 years on an investment of \$42,000 with an 11% interest rate compounded annually

asked by Anonymous on July 3, 2013
6. ### math

What would be the compound amount after 19 years on an investment of \$42,000 with an 11% interest rate compounded annually?

asked by Tim on July 1, 2013

What would be the compound amount after 19 years on an investment of \$42,000 with an 11% interest rate compounded annually?

asked by keionna on July 1, 2013
8. ### math

To determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table

asked by Anonymous on July 3, 2013
9. ### contemporary math

To determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table

asked by Trish on July 4, 2013
10. ### math

To determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table

asked by Tim on July 1, 2013

More Similar Questions