HELP ASAP!! DUE TOMORROW!! FAN AND MEDAL!!

4. $4000 principal earning 4% compounded annually, 5 years
The balance after 5 years will be $---------

6. 3,700 deposit earning 3.3% compounded monthly, after 5 years.
The balance after 5 years will be $--------

Question

HELP ASAP!! DUE TOMORROW!! FAN AND MEDAL!!

4. $4000 principal earning 4% compounded annually, 5 years
The balance after 5 years will be $---------

6. 3,700 deposit earning 3.3% compounded monthly, after 5 years.
The balance after 5 years will be $--------

4everaddicted2anime · Answer

The formula for this is $$A(t)=P(1+\frac{ r }{ n })^{nt}$$

4everaddicted2anime · Answer

r= rate
n= number of times compounded
t= time
p= principle

ilovemath14 · Answer

A(5)= 4000(1+0.04)^5 @4everaddicted2anime

anonymous · Answer

Multiply the $4000 by .04 and multiply by 5 I think

ilovemath14 · Answer

@myininaya @Michele_Laino @johnweldon1993  @KendrickLamar2014 @jabez177 @Preetha

michele_laino · Answer

I'm sorry, I'm not good with financial mathematics

anonymous · Answer

A(5)= 4000(1+0.04)^5 = 4000*(1.04^5) = ? Just plug into a calculator.