Ask Question
31 March, 04:14

Ernestine deposited $6800 into a savings account that earns 3.5% simple interest each year calculated annually. What is the future value of Ernestine's account after 16 years?

+2
Answers (1)
  1. 31 March, 04:29
    0
    Fv=6,800 * (1+0.035*16) = 10,608
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ernestine deposited $6800 into a savings account that earns 3.5% simple interest each year calculated annually. What is the future value of ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers