Question

Hei has $1,500 in a retirement account earning 4% interest compounded annually. Each year after the first, she makes additional deposits of $1,500. After 5 years, what was her account balance if she did not make any withdrawals? Round each year's interest to the nearest cent if necessary.

Answer 1

Answer:

$150,000

Step-by-step explanation:

so its about rounding to the nearest if you round $1,500 you will get $150,000

Hope this helps! (And I'm not wrong...)