3 years ago

A retiree invests $5,000 in savings plan that pays 4% per year. What will the account balance be at the end of the first year ?

2 answers:

7 0

At the end of the first year the account balance would be 200! 5000 x .04 = 200$

3 0

$5000 + 4% = $5000.04

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