Answer:
a
Step-by-step explanation:
The answer would be 59,844 or around that number
Answer:
4
Step-by-step explanation:
because i know how to do it
Answer:
A = $56,740
Step-by-step explanation:
Use the Compound Amount formula A = P(1 + r)^t. Substitute 0.05 for r and $40,000 for P:
A = $40,000(1 + 0.05)^6
A = $56,740.26, or, rounded off to the nearest dollar,
A = $56,740