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3 years ago

14

You want to save for a brand-new car. You put the $5,000 your Grandma gave you when you graduated in an account that pays 6% int

erest and is compounded monthly. How much will you have at the end of five years? Hint: use Compound Interest formula A = P (1 +r/n)nt.

2 answers:

Zielflug [23.3K]3 years ago

8 0

Answer:

6,744.25

Step-by-step explanation:

Delicious77 [7]3 years ago

3 0

Answer:

6,744.25

Step-by-step explanation:

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