Aniyah12345jsjsjdje
Aniyah12345jsjsjdje Aniyah12345jsjsjdje
  • 23-02-2022
  • Mathematics
contestada

2. Determine the amount of an investment if $5,000 is
invested at an interest rate of 5% compounded
quarterly for 10 years.

Respuesta :

mantsiedesry2
mantsiedesry2 mantsiedesry2
  • 24-02-2022

Step-by-step explanation:

A=P(1+i)^n

=5,000(1+5%/4)^10×4

=$8,218.10

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