0
Show steps to solving 5000 invested for 10 years at 10 compounded annually?
Wiki User
∙ 16y ago
End of year one: 5000 + 10% = 5500
End of year two: 5500 + 10% = 6050
year three: 6050 + 10% = 6655
year four: 6655 + 10% = 7320.50
year 5: 7320.50 + 10% = 8052.55
6: 8052.55 + 10% = 8857.805
7: 8857.805 + 10% = 9743.59
8: 9743.59 + 10% = 10717.94
9: 10717.94 + 10% = 11789.74
10: 11789.74 + 10% = 12968.71
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
List and describe the two steps for solving conceptual problems?
well first you have to follow the scientific method. then you would have to come up with a testable question. after that analyze your data then check your work
What are the steps of marcotting and cuttings?
1st steps in marcotting plants just ask in your teachers what are the steps in marcotting plans
Four steps in transplanting the seedlings?
steps for transplanting seedlings
How many steps does the ocean cycle have?
there are only 2 steps if im not mistaken
What are the steps in the diploid life cycle?
The steps in the diploid life cycle are meiosis, to gametes, to fertilization, to diploid, to reproductive cell. The main steps are Meiosis and Fertilization.
Show steps to solving 8000 invested for 7 years at 8 percent compounded annually?
The basic equation for compounded interest is: FV=PV(1+i)^nt FV=future value PV=present value i=interest compounded per term n=number of times compounded per year t=number of years For this situation: FV=? PV=8000 i=.08 n=1 t=7 Plugging the numbers into the equations gives you FV=8000(1+.08)^7 Solving gives you the amount of 13710.59 A way to roughly check your answer is to use the rule of 72. The rule of 72 is a method of seeing how long it would take to double ones money at a certain interest percent. The interest is 8% so divide 72 by 8 and you get 9. So at 8 percent it would take about 9 years to double your money. Since we only had 7 years, it makes sense that we did not double our money, but we fairly close to doing so, meaning that our answer is viable. This is only a way to roughly check the answer.
What isTechnical problem-solving or creative problem-solving?
problem solving in computer sciences is used to divide a large problem into atomic steps and solving all steps hierarchically.
Explain the 6 steps in problem solving in office management?
(a) Explain the 6 steps in problem solving
What are the basic steps of problem solving in math what are the importance of following these steps when presented a problem?
what are the basic steps of problem solving in algebra and what are the importance of following these steps when presented in a problem.
What is the role of algorithm in problem solving?
the concept of problem solving problems in algorithms are problem solving in computer, what is the algorithms for solving in problems, what is the rule o algorithms in problem solving, what are the steps to solving a problem with your computer and engineering steps for solving problems
What are the four steps for solving a problem?
The first step is to show the problem that needs solving.
What steps do they follow in solving problems?
Scientist follow the scientific method for solving problems.
What are the steps in solving?
cube square -8
Steps to solving a murder case?
CSI
What is steps in problem solving?
Defining the problem.
How many steps are involved in solving a problem on a computer?
5
How many steps are involved in solving numeric problems?
3
