Ask Question
19 August, 05:59

Ernestine deposited $6800 into a savings account that earns 3.5% simple interest each year calculated annually. What is the future value of Ernestine's account after 16 years?

+2
Answers (1)
  1. 19 August, 07:31
    0
    Fv=6,800 * (1+0.035*16) = 10,608
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ernestine deposited $6800 into a savings account that earns 3.5% simple interest each year calculated annually. What is the future value of ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers