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28-01-2020
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What amount of cash would result at the end of one year, if $15,000 is invested today and the rate of return is 8%

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princessesther2011 princessesther2011

28-01-2020

Answer:

Amount of cash at the end of one year is $16,200

Explanation:

Amount invested = $15,000

Rate of return = 8%

Amount at the end of one year = $15,000 + (0.08×$15,000) = $15,000 + $1,200 = $16,200

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