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Please help! I’m having a hard time! 3- Find the balance. $4000 deposited earning 6% compounded annually for 5 years. A)$852.75 B)$6872.32 C)$5352.90 D)$99.83

Please help! I’m having a hard time! 3- Find the balance. $4000 deposited earning 6% compounded annually for 5 years. A)$852.75 B)$6872.32 C)$5352.90 D)$99.83
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Please help! I’m having a hard time!

3- Find the balance. $4000 deposited earning 6% compounded annually
for 5 years.
A)$852.75
B)$6872.32
C)$5352.90
D)$99.83

User Dhir Pratap
by
7.7k points

1 Answer

3 votes

Answer:

A=p(1+r)^t

A=4,000×(1+0.06)^(5)

A=5,352.90

Explanation:

User Roman Dolgiy
by
8.4k points
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