Asked by Regina
Scott deposits $5000 at the end of each year into an account for five years. Assuming 6% interest annually, what is the value of his account in five year?
Answers
Answered by
mathhelper
applying the basic formula....
amount = 5000( 1.06^5 - 1)/.06
= ......
amount = 5000( 1.06^5 - 1)/.06
= ......
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