Ask Question
8 July, 07:01

What is the final balance for the investment? $1000 for 3 years at 6% compounded annually A. $1810.64 B. $4096.00 C. $1060.00 D. $1191.02

+4
Answers (1)
  1. 8 July, 08:53
    0
    The equation would be y=1000 (1.06) ^x, plug a 3 in for x, and you get that the answer is D. $1191.02.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the final balance for the investment? $1000 for 3 years at 6% compounded annually A. $1810.64 B. $4096.00 C. $1060.00 D. $1191.02 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers