A6lejacapersc A6lejacapersc

22-02-2017
Mathematics

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Samantha opened a savings account this morning. her money will earn 3.5 percent interest, compounded annually. after four years, her savings account will be worth $5,000. assume she will not make any withdrawals. given this, which one of the following statements is true?

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Aliwohaish12 Aliwohaish12

25-02-2017

5000=p(1+0.035)^4
P=5000/1.035^4
P==4,357.21

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