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otez555 [7]
3 years ago
13

A grandmother deposited $4,000 in an account that pays 5% per year compounded annually when her granddaughter was born. What wil

l the value of the account be when the granddaughter reaches her 13th birthday?
Mathematics
1 answer:
Leya [2.2K]3 years ago
4 0
A = P (1 + r/n)^nt
A = 4000(1 + 0.05/1)^(13)(1)
A = $7542.59
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Answer:

Number 3 is correct.

129.19m

Step-by-step explanation:

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