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

Amir arranged 9 photos on a bulletin board. He put the photos in rows. Each row contains the same number of photos. How many photos could be in each row?
How did the need to preserve food contribute to European exploration?
Nathalie tends to overspend when she shops for clothes. Right now, she is saving money to take a cruise. Before she has saved enough money for the cruise, she s
Which of the following best describes the British position toward Native Americans after the Revolutionary War?
How did latin americans view Wilson's "moral imperialism"?
Tell whether 24 is a factor or multiple of the number 6
12. What were the results of Japan’s growing imperialism at the end of the 19th century?
What is the function of the relative pronoun in the adjective clause? Albert Einstein, whose theories changed science forever, is a great inspiration to me. a.
Article II of the U.S. Constitution describes the structure and powers of the legislative branch organization and duties of the executive branch oversight an
round 1.448 to the nearest hundreth of a dollar