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

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

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

what is 75% of 28 this is my home work please help

Two billion people jump up in the air at the same time with an average velocity of 7.0 m/sec. If the mass of an average person is 60 kilograms and the mass of

Melinda's lights went out. She has 3 pairs of red socks in her drawer 2 pairs of black socks and 5 pairs of white socks . What Is the minimum number of pairs sh

an item was selling for $72 is reduced to $60 find the precent decrease in price round your answer to the nearest tenth

an item was selling for $72 is reduced to $60 find the precent decrease in price round your answer to the nearest tenth

What happened to France after Napoleon was exiled.

You are on roller blades on top of a small hill. Your potential energy is equal to 1,000.0 joules. The last time you checked your mass was 60.0 kilograms. a.

an item was selling for $72 is reduced to $60 find the precent decrease in price round your answer to the nearest tenth

Is 100 fluid ounces more or less than 16 pints?

Explain what role the negative sign plays in. -x^2=y