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The value in dollars of a $5,000 investment after n years is given by f(n) = 5,000(1.05)n. Find the value of the investment (in dollars) after 4 years.
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The value in dollars of a $5,000 investment after n years is given by

f(n) = 5,000(1.05)n.
Find the value of the investment (in dollars) after 4 years.

User Justin MacArthur
by
5.6k points

1 Answer

3 votes

Answer:

6077.53125

Explanation:

F(4)=5,000(1.05)^4

f(4)= 6077.53125

User Maha
by
5.6k points
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