sargsyan0607 sargsyan0607
  • 03-03-2021
  • Mathematics
contestada

How much money would be in an account after 20 years if you deposited $5000 in a mutual fund
which compounds interests 5% annually?

Respuesta :

s355841
s355841 s355841
  • 03-03-2021

Answer:

$5130.84  

Step-by-step explanation:

100 + 3 = 103%

103% = 1.013

$5000 x 1.013^2 = $5130.84

Hope this helps biiiieeee

Answer Link

Otras preguntas

$1972 invested for 12 years at 4% compounded quarterly
29. Organization patterns
How do I solve 1/3k-2k+4=10
At the market, Meyer buys a bunch of bananas for $0.35 per pound and a frozen pizza for $4 99 cents the total for his purchase was $6 and 4 cents without tax ho
Evaluate 4.8 divided by 0.08
:( Our professor has not shared the lecture notes yet (he doesn't let us write in class unless we're working out a problem, Dumb thing to do I know) and I have
It takes 12 L of petrol to raise a go-kart for 20 minutes petrol costs 137 per litre six go-karts are use 18 L of petrol how many minutes did they race for ?
I need help please. can anybody help me please?
Why does the State Department promote fair voting practices in foreign countries? A) to advance democracy B) to protect the United States C) to promote
An architect is designing a building that is 157 feet wide. Solve for how tall the building must be if the architect wishes the building specifications to repre