X over 5 + x over 2 = 14
2 answers:
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Answer:
She will have $2792 at the end of her four year investment
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Gift of $2500:
This means that
She shopped around and found a 4 year GIC investment that earns 2.8% interest annually.
This means that .
How much will Anna have at the end of her four year investment?
This is A(4). So
She will have $2792 at the end of her four year investment