Answer:
D
Step-by-step explanation:
Answer: -4
Step-by-step explanation:
Answer:
$5,956.2
Step-by-step explanation:
First we need to find the amount after 5years using the formula
A =P(1+r)^n
A = 9000(1+0.06)^5
A = 9000(1.06)^5
A = 9000(1.3382)
A = 12,043.8
Interest after 5 years = 12,043.8 - 9000
Interest after 5 years = 3,043.8
Since it will be worth 6% less each year, the amount after 5years will be 9000 - 3,043.8 = $5,956.2
