Samantha opened a savings account this morning. her money will earn 3.5 percent interest, compounded annually. after four years, her savings account will be worth $5,000. assume she will not make any withdrawals.

asked Jan 18, 2018 129k views

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6 votes

5000=p(1+0.035)^4
P=5000/1.035^4
P==4,357.21

Raymond Liao answered Jan 25, 2018

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