The Franklins inherited $3,500, which they want to invest for their child's future college expenses. They use the following form

Question

2 years ago

15

The Franklins inherited $3,500, which they want to invest for their child's future college expenses. They use the following form

ula to calculate the value of their investment over time, where
A = value of the investment after years, P = principal invested, r = annual interest rate, and n = number of times compounded per year.
A = P(1 +
you
71
If they invest the inherited money at an annual rate of 8.25% with interest compounded monthly, what is the value of the account to the nearest dollar, after 5 years?

Mathematics

1 answer:

olga2289 [7] · Answer 1 · 2022-10-28T21:14:56+03:00

olga2289 [7]2 years ago

4 0

Answer:

1443.75 i think

Step-by-step explanation: