Ask Question
13 December, 08:13

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?

+4
Answers (1)
  1. 13 December, 10:49
    0
    5000=p (1+0.035) ^4

    P=5000/1.035^4

    P==4,357.21
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Samantha opened a savings account this morning. her money will earn 3.5 percent interest, compounded annually. after four years, her ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers