Question

(30 POINTS) how do you solve this? in need of help on the question not the awnser. show how to solve please :) it is a 30 point question. i showed the link with the image is below. thanks so much to everyone.

Answer 1

$50,400 Multiply $2,000 by 0.05 (because that's 5% converted to decimal) and you should get $100. Add that to $2,000 (which is $2,100) and multiply it by 4 because you're depositing 4 times a year. You should then get $8,400 and multiply it by 6 and you get your answer

Answer 2

I agree it is $50,400

Multiply $2,000 by 0.05 (because that's 5% converted to decimal) and you should get $100. Add that to $2,000 (which is $2,100) and multiply it by 4 because you're depositing 4 times a year. You should then get $8,400 and multiply it by 6 and you get your answer