Question

Help ASAP
What is the final balance for the investment?
$10,000 for 3 years at 4% compounded annually

Answer 1

$11248.64

Answer 2

use this formula:

Answer 3

10000(1.04)^3

Answer 4

p(1.00+rate)^time

Answer 5

where p= principal

Answer 6

p= 10,000 rate= 4% or 0.04 time= 3yrs

Answer 7

Thanks ^.^

Answer 8

np