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Nate invests $1,000 into an account with a 5.2% interest that is compounded annually. How much money will he have in this account if he keeps it for 5 years?
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Nate invests $1,000 into an account with a 5.2% interest that is compounded annually. How much money will he have in this account if he keeps it for 5 years?

User Mathiyazhagan
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2 Answers

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Answer Nate will have 1,288.48 in his bank after 5 years

I hope this helps but if it's wrong I'm sorry just let me know what I did wrong

User Aitchkhan
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3 votes

Answer:

In 5 years, you will have $1,288.48

Explanation:

Nate invests $1,000 into an account with a 5.2% interest that is compounded annually-example-1
User Instantsoup
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