Ask a New Question
Search
calculate the future value of $5,000, given that it will be held in the bank for five years and earn an annual interest rate of 6%
1 answer
I = PRT
I = 5,000 * 0.06 * 5
Add the interest to the principal.
Ask a New Question
or
answer this question
.
Similar Questions
Calculate the future value of $5000 given that it will be held in the bank for 6 years and arn an annual interest rate of 7%.
0 answers
what is the future value of $2000.00 given that it will be held in a bank for 9 years and earn an interest of 4%?
1 answer
A bank has $200 reserves, $800 loans, $400 securities, $1200 deposits, and $100 debt.
a) Calculate the bank's capital. b)
0 answers
A bank has $200 reserves, $800 loans, $400 securities, $1200 deposits, and $100 debt.
a) Calculate the bank's capital. b)
0 answers
more similar questions