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4 years ago

5

Ashley deposits $1000 into an account that earns 4% interest compounded 2 times per year. How much money will Ashley have in her

account after 5 years? Round to the nearest cent. A. $1520.30 B. $1892.19 C. $1218.99 D. $1253.00

2 answers:

vlabodo [156]4 years ago

5 0

That would be C. $1218.99 :)

zubka84 [21]4 years ago

3 0

A=1,000×(1+0.04÷2)^(2×5)
A=1,218.99

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