Ila invested $42,000 into an account earning 4% compounded annually. She makes no other deposits and does not withdraw any money. What is the balance of Ila's account in 5 years?
$42,846.75
$51,099.42
$54,738.88
$92,027.17
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Home » Mathematics » Ila invested $42,000 into an account earning 4% compounded annually. She makes no other deposits and does not withdraw any money. What is the balance of Ila's account in 5 years? $42,846.75 $51,099.42 $54,738.88 $92,027.17