Ask Question
5 October, 02:38

future value = P * (1 + i) t '"present value" = "P" / (1 + i) ^"t"' You want to deposit $12,000 in a bank at an interest rate of 8 percent per year. What is the future value of this money after five years?

+4
Answers (1)
  1. 5 October, 02:48
    0
    I believe the answer is $17,631.94

    Step-by-step explanation:

    12000 (1.08) ∧5=17,631.94
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “future value = P * (1 + i) t '"present value" = "P" / (1 + i) ^"t"' You want to deposit $12,000 in a bank at an interest rate of 8 percent ...” 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