Ask question

Ask question

All categories

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?

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

You might be interested in

3. What is the slope of the line through the points (2, 5) and (6, 13)?

White raven [17]

Answer:

m = 2

Step-by-step explanation:

$m=\frac{rise}{run}=\frac{13-5}{6-2}=\frac{8}{4}=\boxed{2}$

Hope this helps.

8 0

3 years ago

NEED HELP ASAP!!!!! WILL GIVE BRAINLIEST!!!!!!!

Mama L [17]

Maybe b or c I guess??

3 0

3 years ago

Read 2 more answers

What is the midpoint of the segment shown below?

Burka [1]

Answer:

choice. c.) (5, 1/2)

Step-by-step explanation:

(5, 4) and (5, -3)

Use midpoint formula ( (a + x)/2 , (b + y)/2) for (a,b), (x,y)

midpoint = ( (5+5)/2, (4+- 3)/2) = (5, 1/2)

5 0

3 years ago

Samuel needs 332 feet of wood to bulid a fence the wood comes in lengths of 15 feet .How many total piece of wood will samuel ne

zubka84 [21]

Samuel needs 22 pieces of wood

3 0

3 years ago

A car costs $9,000. If Mr.Smith has saved 20% of this amount, how much did he save?

olga2289 [7]

Answer:

the answer for your question would be 1800

Step-by-step explanation:

you multiply 9000 times by .20

5 0

4 years ago

Read 2 more answers