Question

Guided Practice

Answer 1

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