using y=Ab^x solve: What amout of money grow to $1000 in 5 years if it is invested at 6% compounded annually

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using y=Ab^x solve: What amout of money grow to $1000 in 5 years if it is invested at 6% compounded annually

2007-01-27 10:52:36 · 4 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics

4 answers

1000=A(1.06)^5
A= 1000 / (1.06)^5
A= $747.26

2007-01-27 10:58:21 · answer #1 · answered by 7 · 0⤊ 0⤋

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2016-12-16 15:04:40 · answer #2 · answered by donenfeld 4 · 0⤊ 0⤋

y=1000
b=1.06
x=5

A=y/(b^x)=1000/(1.06^5)=747.26

2007-01-27 10:58:30 · answer #3 · answered by epbr123 5 · 0⤊ 0⤋

stmc and epbr123 are correct.

2007-01-27 11:02:11 · answer #4 · answered by actuator 5 · 0⤊ 0⤋