Gary invested $1,000 into an account earning interest at an annual rate of 5% compounded annually. Each year, he deposited an ad

Question

3 years ago

8

Gary invested $1,000 into an account earning interest at an annual rate of 5% compounded annually. Each year, he deposited an ad

ditional $1,000, and made no withdrawals. When he closed the account, he had a balance of $4,525.64. How much interest would Gary earn in that same time if he invests $10,000 and deposits $10,000 into the account each year?

Mathematics

1 answer:

coldgirl [10] · Answer 1 · 2021-11-06T14:00:59+03:00

coldgirl [10]3 years ago

6 0

This one is too complicated for me