tdwall1 tdwall1
  • 26-05-2021
  • Mathematics
contestada

What is the present value of 6000 received 14 years from today when the interest rate is 10%

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 31-05-2021

Answer:

$14400

Step-by-step explanation:

Given data

Principal= 6000

Time= 14 years

Rate= 10%

Let us use the simple interest expression to find the final amount

A=P(1+rt)

substitute

A=6000(1+0.1*14)

A=6000(1+1.4)

A=6000*2.4

A=$14400

Hence based on a simple interest model the final amount is $14400

Answer Link

Otras preguntas

I WILL GIVE YOU BRAINILIEST AND 15 POINTSNEED THE CORRECT ANSWERS1. The addition of which of the following sentences would create an effective paragraph?Plannin
What the difference between romantic and realist literature?
Which nineteenth-century artist was most instrumental in influencing pablo picasso, henri matisse, and georges braque?
under what plan did the United States offer to on any protect any allies against the spread of communism
In what ways can altering rhythm and pattern be created
A decrease in economic activity and the subsequent cutbacks in production that results in employees being laid off leads to
Someone please help! Need to find first quartile of the data set represented by the box plot.
a basketball player has a 60% chance of making each free throw. what is the probability that the player makes exactly 8 out of 10 free throws?
After filtering by the nephron, where does the cleaned blood go
Which of the following is a similarity between the Phoenicians and the Etruscans? A.Both created an alphabet that influenced later alphabets. B.Both built templ