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Plz, help everything is in the picture!

Plz, help everything is in the picture!-example-1

1 Answer

1 vote

Answer:

  • $5469.49

Explanation:

Year >> Starting balance >> prt >> Interest

1 4200 4200*1.045 = 4389 4389 - 4200 = 189

2 4389 4200*1.045² = 4586.51 4586.51 - 4200 = 386.51

3 4586.51 4200*1.045³ = 4792.90 4792.90 - 4200 = 592.90

4 4792.90 4200*1.045⁴ = 5008.58 5008.58 - 4200 = 808.58

5 5008.58 4200*1.045⁵ = 5233.96 5233.96 - 4200 = 1033.96

6 5233.96 4200*1.045⁶ = 5469.49 5469.49 - 4200 = 1269.49

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