Final answer:
To determine how much money Christopher will have in his account after 5 years, we need more information about his initial amount and any additional contributions or withdrawals.
Step-by-step explanation:
To determine how much money Christopher will have in his account after 5 years, we need more information about his initial amount and any additional contributions or withdrawals. The given information about computer parts lasting 10 years is not relevant to this question. However, we can provide an example of calculating compound interest to demonstrate how money can grow over time.
If Christopher has an initial amount of $1000 in his account and earns an annual interest rate of 5%, the formula to calculate the future value after 5 years would be:
Future Value = Initial Amount * (1 + Interest Rate)^Number of Years
Using this formula, the future value would be $1000 * (1 + 0.05)^5 = $1000 * 1.276 = $1276.
Whether this amount is enough to buy a computer depends on the cost of the computer. If the computer costs more than $1276, Christopher would need to save more money.