Answer:
A.
$5352.90
Step-by-step explanation:
A=p(1+r)^t
A=4,000×(1+0.06)^(5)
A=5,352.90
.........................................................
Answer:
The Final Investment Value is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
