Register
Cheryl made a one-time deposit at Eagle Savings & Loan of $6,400. The bank offers a 4.5% interest rate compounded annually. What is the amount of interest Cheryl will earn at the end of 5 years? A $7,975.
86.0k views
3 votes
Cheryl made a one-time deposit at Eagle Savings & Loan of $6,400. The bank offers a 4.5% interest rate compounded annually. What is the amount of interest Cheryl will earn at the end of 5 years? A $7,975.56 B $34,622.30 C $1,440.00 D$1,575.56

User Mats Hofman
by
7.9k points

1 Answer

3 votes

Answer: my teacher reviewed this problem so here you go sorry its late

Step-by-step explanation:

1,575.56

Cheryl made a one-time deposit at Eagle Savings & Loan of $6,400. The bank offers-example-1
User Tokudu
by
7.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

Several United States Presidents committed military troops to serve in Vietnam in an effort to a. react to violations of United States neutrality. b. support the policy of containment. c. oppose the Chinese
If a nail reacts with oxygen is it a physical property or chemical
What research Is currently being done on moon rocks?
I need help really quickly can someone help me with the truth table
Which best describes the topics covered by nonfiction works? a. facts and real events b. historical people and events c. ideas that try to influence readers d. events that never occurred
Link Copied!