ammaralbetar93 ammaralbetar93

12-01-2021
Mathematics

contestada

4. Calculate the final value after 10 years if you invest $5000.00 at 2.5% per annum,
compounded annually. please guys can anyone help me

Respuesta :

clarch19 clarch19

12-01-2021

Answer:

$6,400

Step-by-step explanation:

Amount = Principal(1 + rate)^time

A = 5000(1 + .025)^10

A = 5000(1.28)

A = 6400

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