Register
A savings account earns interest at an annual rate of 3.5%, compounded monthly. If the account begins with a principal amount of $5, 000, what will be its value after 4 years?
159k views
7 votes
A savings account earns interest at an annual rate of 3.5%, compounded monthly. If the account begins with a principal amount of $5, 000, what will be its value after 4 years?

User Stalxed
by
5.1k points

1 Answer

2 votes

Answer:

$5,737.62

Hopefully that is correct!

User Michael Pryor
by
4.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.8m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
Need answer to math problem!!!​
What is the domain and range?
Link Copied!