plz help me plz Suppose we deposit $2583 in a savings account earning 2.7% per year, compounded annually. Calculate the value of

Question

2 years ago

5

the account at the end of year 35. Do not round until the very last calculation. Then round your answer to the nearest whole number.

1 answer:

rjkz [21] · Answer 1 · 2022-08-11T03:57:52+03:00

rjkz [21]2 years ago

8 0

Answer:

$6,563

Step-by-step explanation:

First, place the numbers into the formula A=P(1+r)^n and make the percent into a decimal:

A= 2,583(1+0.027)^35

Solve the equation and you get your answer:

6,562.811525

Round to the nearest whole number:

$6,563