Find the ending amount of an investment of $10,000 for 5 years at an interest rate of 10% if the money is compounded monthly.

$1,218,221.82

$11,200.00

$16,487.22

$16,453.09

Skip to content# Find the ending amount of an investment of $10,000 for 5 years at an interest rate of 10% ifthe money is compounded monthly.$1,218,221.82$11,200.00$16,487.22$16,453.09

Mathematics ##
Comments (3) on “Find the ending amount of an investment of $10,000 for 5 years at an interest rate of 10% ifthe money is compounded monthly.$1,218,221.82$11,200.00$16,487.22$16,453.09”

### Leave a Reply Cancel reply

$1,218,221.82

$11,200.00

$16,487.22

$16,453.09

9514 1404 393

$16,453.09

Step-by-step explanation:

The future value formula is ...

FV = P(1 +r/12)^(12·t)

For P = 10000, r = 0.10, t = 5, the future value is ...

FV = $10,000(1 +0.10/12)^(12·5) = $10,000(1.64530893) ≈ $16,453.09

start with a line segment pq that we will copy. mark a point r that will be one endpoint of the new line segment. set the compasses' point on the point p of the line segment to be copied. adjust the compasses' width to the point q. the compasses' width is now equal to the length of the line segment pq.

step-by-step explanation:

not only in mathematics, scientific proof also are required in the other field of science. also maths proofs are of particular structure, containing steps and logics. so proving is like doing science, it is science. that's why it is important to prove.

an inaccurate proof leads to errors, or stating results that are not accurate. which wil mess the probelm up you dont want this