Use the compound interest formula to compute the future value of the investment. Round to the nearest cent.$7000 at 4% compounded annually for 10 years

A. $9963.18
B. $10,361.71
C. $9520.00
D. $9800.00


Answer: B

Mathematics

You might also like to view...

Find the distance traveled by a point P traveling on a circle of radius r by finding ? and then using the arc length formula, s = r?. The value of ? is in radians/sec. Give an exact answer unless otherwise indicated.r = 16 m, ? = , t = 2 sec

A.  m
B.  m
C.  m
D.  m

Mathematics

Simplify the expression. Assume that all variables are positive when they appear.( + )( - )

A. 8 - z
B. 8 - 2
C. 8 - 2
D. 8z

Mathematics

Solve the problem.A signal is made by placing 3 flags, one above the other, on a flag pole. If there are 8 different flags available, how many possible signals can be flown?

A. 24 B. 512 C. 336 D. 56

Mathematics

Find the sum.

A. -1,798 B. -1,711 C. -1,609.5 D. -1,740

Mathematics