heatherdunn252 heatherdunn252

Today at 5:52 PM
Mathematics

Answered

if $5,000 is invested at an interest rate of 4% each year what is the value of the investment in 5 years? write an exponential function and solve.

Answer :

davidyangnyc davidyangnyc

Today at 5:57 PM

assuming it's compounded interest:

5000* 1.04 ^5

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Аноним Аноним

Today at 5:57 PM

it would be 5000 times .04, and then I'm pretty sure that you would then multiply that by five. Hope this helped!

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