What will your balance be on an investment of $1,000 at 4.% for 5 years compounded annually. 30 POINTS ANSWER

asked Apr 11, 2022 182k views

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What will your balance be on an investment of $1,000 at 4.% for 5 years compounded annually.

30 POINTS ANSWER

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5 votes

Answer:

200

Explanation:

because if you take 4 percent of 1000 you get 40 and 40 x 5 is 200

Petranaya answered Apr 16, 2022

7.1k points

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