jjefferson1022p5i2h6 jjefferson1022p5i2h6
  • 13-03-2018
  • Mathematics
contestada

You invest $5,000 in a savings account paying 4% interest compounded quarterly. How much is in the account after 5 years if there are no withdrawals and no additions to the account?

Respuesta :

SwiftSilver
SwiftSilver SwiftSilver
  • 13-03-2018
1 years is $5200
2 years is $5408
3 years is $5624.32
4 years is $5849.29
5 years is $6083.26
Answer Link
howardrussell46
howardrussell46 howardrussell46
  • 13-03-2018
A=P(1+R)TIME
   5000(1+0.04)^5
= 6083.264512
NOTE THE 5 IS WRITTEN AS A SQUARE

Answer Link

Otras preguntas

The length of a car is √185 ft. Will this car fit in a garage that measure 10 ft long? If not that is the minimum length of a garage long enough for this car
243.875 to nearest tenth, hundredth, ten, and hundred
Which explains the aim of U.S. foreign policy from 1900 until the outbreak of World War I?
o What is an example of something (a law, organization, institution, etc.) that exists today because of the reform movement in the 1800s?
1/4 (3x - 16) + 1/4x = 5 and 1/3 PLZ!
What does palatical chateau mean?
Help please ...a square card has an area of 15 in.^2 what is the approximate side length of the card
How many valence electrons does N2 have after the bond? Is it 2, 6, or 8 electrons?
how do you work out 18 divided by minus 3
Points A,B,C,D, and E are collinear and in that order. Find AC if AE = x+50 and CE = x+32.