Asked by Nicholas

Find the balance in the account, 4,000 principal earning 6% compounded annually after 5 years.
Answered by Dr. Jane
A = P(1+r/n)^nt

A = 4000(1+.06)^5

n = 1 since it is compounded annually.
Answered by Anonymous
21200
Answered by Anonymous
None of these answers are an answer to the question...
Answered by zeke
5352.90