If the present value of my investment is $8,000 and the rate of interest is 12% compounded annually, what will the value be after 7 years?

$17,685.45

Step-by-step explanation:

We will use the compound interest formula to solve this:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

The first step is to change 12% into a decimal:

12% -> -> 0.12

Next, lets plug in the values:

After 7 years, you will have $17,685.45

54

step-by-step explanation:

6x9

answer 1 : option "c"

answer 2 : option "d"

answer 3 : option "b"

answer 4 : option "d"

answer 5 : option "b"

answer 6 : option "a"

answer 7 : option "c"

answer 8 : option "d"

answer 9 : option "c"

answer 10 : option "d"

answer 11 : option "c"

answer 12 option "b"

answer 13 option "c"

answer 14 option "c"

answer 15 option "d"

answer 16 option "a"

answer 17 option "b"

answer 18 option "c"

answer 19 option "a"

answer 20 option "a"

answer 21 option "c"

d