This Question: 1 pt 1 of 22 (0 complete)
This Test: 22 pts possible
tents
13
An initial investment of $1000 is appreciated for 6 years in an account that earns 8% interest, compounded annually. Find the amount of money in the account at the
end of the period.

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500

answer: #1 ads up by 8 and i don't know #2

believe it or not anna is correct good job anna give me a fist bump there u go gal

the answer is:

mean: 6

mad: 2.14