ammaralbetar93
ammaralbetar93 ammaralbetar93
  • 12-01-2021
  • Mathematics
contestada

4. Calculate the final value after 10 years if you invest $5000.00 at 2.5% per annum,
compounded annually. please guys can anyone help me​

Respuesta :

clarch19
clarch19 clarch19
  • 12-01-2021

Answer:

$6,400

Step-by-step explanation:

Amount = Principal(1 + rate)^time

A = 5000(1 + .025)^10

A = 5000(1.28)

A = 6400

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