Asked by Anonymous
calculate the future value of $5,000, given that it will be held in the bank for five years and earn an annual interest rate of 6%
Answers
Answered by
Ms. Sue
I = PRT
I = 5,000 * 0.06 * 5
Add the interest to the principal.
I = 5,000 * 0.06 * 5
Add the interest to the principal.
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