If  $P is invested for n years at rate i (as a decimal), compounded annually, the future value that accrues is given by , and the interest earned is . Find S for the given P, n, and i. Round your answer to two decimal places.
?
$1,700 for 7 years at 12%
?

A. $3,758.16
B. $2,058.16
C. $3,355.5
D. $694.75
E. $4,209.14

Answer: A

Mathematics

You might also like to view...

Solve for the variable.x -  = -5

A. x = -21 B. x = 19 C. x = 21 D. x = -19

View
Mathematics

Find the solution set for the equation.|3(4x + 5)| = 0

A. {- }
B. {- }
C. {}
D. {- }

View
Mathematics

Perform the operation and write the result in the standard form.(-4 - 3i) - (5 - i)

A. 9 + 2i B. -9 + 2i C. -9 - 2i D. -9 - 3i

View
Mathematics

Refer to the weighted voting system  and the Shapley-Shubik definition of power. (The five players will be called P1, P2, P3, P4, and P5.)The Shapley-Shubik power index of player P5 is

A. .
B. .
C. .
D. .
E. none of these

View
Mathematics