Mathematics
jay42
2020-04-24 12:11:30
You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money from the account. How much money will be in the account after 4 years?
ANSWERS
ersavinky
2020-04-24 16:07:56

A=2000(1+0.05)^4=2,431.01

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