Answer:
$5420
Explanation:
You want the value of Akiko's savings account that earns 1.4% simple interest on $5000 for 6 years.
Value
The account value is given by ...
A = P(1 +rt) . . . . . . P = principal invested at rate r for t years
A = $5000(1 +0.014·6) = $5000(1.084) = $5420
Akiko will have $5420.00 after 6 years.
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