Tinathefox1234 Tinathefox1234

16-11-2021
Mathematics

contestada

An account with an initial balance of $4000 earns 6.5% interest for 5 years.
What is the ending balance?
Enter your answer in the box.
$

An account with an initial balance of 4000 earns 65 interest for 5 years What is the ending balance Enter your answer in the box class=

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ethanjdavis44 ethanjdavis44

16-11-2021

Assuming this is compound interest
The formula is A=P(1+r/n)^nt

A=4000(1+0.065/1)^5

N represents the number of times compounded which I’m gonna assume is one.

A=$5480.34

Answer Link

ronye47 ronye47

16-03-2022

Answer:

5,300

Step-by-step explanation:

The person who answered before me is INCORRECT the correct answer is 5,300,

Please don't try his answer.

Answer Link

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