Future value = p × (1+ i)t
`"present value" = "p" / (1 + i)^"t"`
you want t...
Mathematics, 05.02.2020 03:02 ineedhelpwhomework
Future value = p × (1+ i)t
`"present value" = "p" / (1 + i)^"t"`
you want to deposit $12,000 in a bank at an interest rate of 8 percent per year. what is the future value of this money after five years?
a.
$15,315.38
b.
$17,631.94
c.
$16,830.62
Answers: 2
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