averianahdugger averianahdugger
  • 01-11-2019
  • Mathematics
contestada

$161, 6.45%, 4 months

Respuesta :

crazycandy303
crazycandy303 crazycandy303
  • 05-11-2019

Answer:

$164.39

Step-by-step explanation:

Use this formula to solve. FV = PV(1+i)^n

FV = Future Value

PV = Present Value

i = interest in decimal form

n = number of years

FV = 161(1.0645)^(1/3)

164.38963504

rounded to nearest cent = 164.39

$3.39 interest paid

Answer Link

Otras preguntas

why did Christopher Columbus use a telescope
how were the social classes of sumer organized ??
What number is .72 more than .971?
How has the airplane changed over time?
A car loses 15% of its original value each year. After one year a car has a value of 13,600. What is the original value of the car??
Whats closest to 5/6? 0,1/2? Or 1 Please explain why :) thanks
How did the Constitution overcome the weaknesses of the Articles of Confederation? The new plan of government centralized power in the federal government at the
What is 7.0362*10 to the -4 power ?
Which word in the sentence is an interjection? Oh, I don't know what to do anymore. A. anymore B. oh C. know D. I
Help with 13,14,15 please?? Look at the picture