There is no image, what does that mean?
Answer:
the balance after 5 years is: 26540.744
Step-by-step explanation:
Given the information:
- P = initial balance = $ 20,000
- r = interest rate (decimal) = 5% = 0.05
- n = number of times compounded annually = 4
- t = time = 5
We have the compound interest function ta model the situation is:

<=> A =
<=> A = $26540.744
Hence, the balance after 5 years is: $26540.744
Answer:
The value of 1/2 over 8 is 4.
Step-by-step explanation:
It has a decimal making it have different value. Without the decimal it is a whole number. Its not really an explanation, but stuff like that is hard to explain.