tdwall1 tdwall1
  • 26-05-2021
  • Mathematics
contestada

What is the present value of 6000 received 14 years from today when the interest rate is 10%

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 31-05-2021

Answer:

$14400

Step-by-step explanation:

Given data

Principal= 6000

Time= 14 years

Rate= 10%

Let us use the simple interest expression to find the final amount

A=P(1+rt)

substitute

A=6000(1+0.1*14)

A=6000(1+1.4)

A=6000*2.4

A=$14400

Hence based on a simple interest model the final amount is $14400

Answer Link

Otras preguntas

What number should be added to the expression x2 + 14x to change it into a perfect square trinomial? (Points : 1) 7 14 28 49
how do you inscribe a square in a circle?
What Is the First New Deal?
how do u say fat pig in german
what is Andrew Jackson dad name
Does the phrase "Dar de comer al perro" mean "to feed the dog" or "to give the dog something to eat"?
What Is the First New Deal?
How to prove Jack guilty in the lord of the flies book?
Who can vote for or make laws in China?
what is algor mortis?