Question

Some investments in the stock market have earned 10% annually. At this rate, earnings can be found using the formula A=P(1.10)^n, where A is the total value of the investment, P is the initial value of the investment, and n is the number of years the money is invested. If $1,500 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years?

A$29,700.00
B.$28,050.00
C.$8,339.88
D.$7,581.71

Answer 1

1,500(1.10)^18=

plug it in the calculator like this

Answer 2

so would it be 29,700.00

Answer 3

no

Answer 4

So 28,050.00

Answer 5

no

Answer 6

plug it in and it'll tell you

Answer 7

here look at this

https://www.google.com/search?q=1%2C500(1.10)%5E18%3D&oq=1%2C500(1.10)%5E18%3D&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8

Answer 8

Thanks can you help me with one more

Answer 9

sure

Answer 10

What is the percent rate of change in function y = (0.96)x? Determine whether the function represents exponential growth or exponential decay.

Answer 11

that one i don't know o_o