SOLUTION: if you deposit $5,000.00 into an account each year, earning 5% interest compound annually, how much will you have in the account in 35 years?

SOLUTION: if you deposit $5,000.00 into an account each year, earning 5% interest compound annually, how much will you have in the account in 35 years?

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Question 326641: if you deposit $5,000.00 into an account each year, earning 5% interest compound annually, how much will you have in the account in 35 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=5000(1+.05)^35
A=5000*5.516
A=27,580.08
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