jelagqrciz13444 jelagqrciz13444

16-09-2021
Mathematics

contestada

A savings account of $5,000 compounded at an annual interest rate of 7% for 5 years will have how much total in the account?

Respuesta :

sqdancefan sqdancefan

19-09-2021

9514 1404 393

Answer:

$7,012.76

Step-by-step explanation:

The compound interest formula is ...

A = P(1 +r)^t . . principal P invested at rate r for t years, compounded annually

A = $5000(1 +0.07)^5 ≈ $7,012.76 . . . in the account after 5 years

Answer Link

Otras preguntas

NEED HELP PLEASE ASAP!!!!!!!!!!!!!!George is building a fence around a rectangular dog run. He is using his house as one side of the run. The area of the dog ru

may someone help me with this?

Write the ratio 2/5 Over 3/5 in simplest form.

there are 50 paper clips in the box.Each are project require 10 paper clips. how many art projects can be made with the box of 50 clips?

Determine the standard form of the equation of the line that passes through (-2,0) and (-8,5)

What stages occurs after cytokinesis?

Which expression is equivalent to 2/7k(k-7)? Assume k=0.A. 2/7-k,B. 2/7-2/k,C. 2k/7-7,D. 2k/7k-2k

In the biblical story of david and goliath david the hero of the israelites defeat a fearsome giant based on what you know about the crimean war who does the gi

Which of the following choices are the three main processes studied by economics? a production, distribution, and circulation b production, consumption, and

Can someone please help me