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andre [41]
3 years ago
10

You invest $5,000 in a savings account paying 4% interest compounded quarterly. How much is in the account after 5 years if ther

e are no withdrawals and no additions to the account?
Mathematics
2 answers:
Nezavi [6.7K]3 years ago
8 0
A=P(1+R)TIME
   5000(1+0.04)^5
= 6083.264512
NOTE THE 5 IS WRITTEN AS A SQUARE

Hitman42 [59]3 years ago
3 0
1 years is $5200
2 years is $5408
3 years is $5624.32
4 years is $5849.29
5 years is $6083.26
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