PLZ HELPPPP Edgar is using compound annually , what will edgars total account balance be after leaving the money in for 5 years

asked Jun 19, 2022 33.7k views

2 votes

PLZ HELPPPP

Edgar is using compound annually , what will edgars total account balance be after leaving the money in for 5 years

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2 votes

Answer:

$6083.26

Explanation:

100+4 = 104

104/100 = 1.04

5000 * 1.04^5 = 6083.264512

Tahir Malik answered Jun 26, 2022

6.2k points

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