3 years ago

You invest $5000 in a savings account that earns 4.5% APR simple interest for 6 years. (

1 answer:

4 0

A = P (1 + r/n) (nt)
A = the future value of the investment
P = (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested

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