Monday
July 27, 2015

Homework Help: math

Posted by tota on Monday, May 5, 2014 at 4:08pm.

If you put $ 6,000 in a savings account that pays interest at the rate of 4 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put $ 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members