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OpenStudy (anonymous):
MEDAAAL :D 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?
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OpenStudy (anonymous):
I think you have to use the formula of compound interest A = 20000(1 + 5/12)^4
OpenStudy (anonymous):
after that...?
OpenStudy (anonymous):
just put this in the calculator and find the answer
OpenStudy (anonymous):
great! thanks :D
OpenStudy (anonymous):
np :)
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