Penny received an unexpected $5,000.00 gift from a distant relative. She invests it in a mutual fund that increases the value of the original investment by 8% each year.
You must show all calculations to earn credit.
How much will her original investment be worth in 10 years?

$9,000.00 is her original investment worth in 10 yrs.

5000 x 1.08 ^10 = 10794.6249864

Then subtract -500000 = 5794.62498636

Step-by-step explanation:

Why, because the first year is proved 5000 x 0.08 = 400

= 400 year 1 but cna keep only if stays in investment for 10 years

400 x 10 = 4000 interest on investment

5000+ 4000 = $9,000.00 SI

+ 1,794.62 Interest on interest if applies (this is called CI) and makes $10794.62

70,000 + 6,000 + 800 + 30

step-by-step explanation:

7. d. 64

8. i. 32

9. c. 125

10. j. none of the above

11. d. 81

12. i. 216

13. e. none of the above

14. g. 240

15. e. none of the above

16. g. 32

17.   e. none of the above