$5,000 is invested at a rate of 7% compounded monthly. Determine the final balance after 5 years.
1 answer:
You might be interested in
1. 14 loaves are needed for 63 customers
2. 90 loaves
3. 4.5 loaf
Step by Step:
9/2= 4.5
4.5x4= 18
27/4.5=6
14x4.5=63
I multiplied and divided everything by 4.5 so one loaf of bread is 4.5.
(Correct me if I'm wrong)
I hope this helped! :)
