The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
To know more about Interest
brainly.com/question/13324776
#SPJ1
<h2>There is no 4 odd digits that will add up to 19.</h2>
Answer:
It wont let me access it
Step-by-step explanation:
Answer:
12.16 it's a continues answer tho
Axiom and postulates. They are considered to be self evident.
