To what amount will the following investments accumulate? a. $5,000 invested for 10 years at 10 percent compounded annually. b. $8,200 invested for 7 years at 8 percent compounded annually. c. $765 invested for 12 years at 12 percent compounded annually. d. $22,000 invested for 4 years at 4 percent compounded annually.

The answer is as follows:

Explanation:

Option (a) :

Amount = principal ×

= 5000×

=$12968.71

∴ This investment will accumulate till $12968.71.

Option (b) :

Amount = principal ×

= 8200×

=$14053.35

∴ This investment will accumulate till $14053.35.

Option (c) :

Amount = principal ×

= 765×

=$2980.42

∴ This investment will accumulate till $2980.42.

Option (d) :

Amount = principal ×

= 22000 ×

=$25736.88

∴ This investment will accumulate till $25736.88.

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?