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OpenStudy (anonymous):
Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. What is the future value of this annuity after 5 years of investing?
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OpenStudy (anonymous):
@greenman44 @Destinymasha @Data_LG2 @eliassaab @Luigi0210 @uri
OpenStudy (anonymous):
We can write a function: \(f(x) = 5000(1.0245)^x\) Plug in 5 for 'x' and solve: \(f(x) = 5000(1.0245)^5\) So what's \((1.0245^5\)?
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