SOLUTION: A person invests $5000 in an account at 3% interest com- pounded annually. The value V (in) of the account after t years is described by V = 500011.032 . Find the value of the acco
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Question 1162402: A person invests $5000 in an account at 3% interest com- pounded annually. The value V (in) of the account after t years is described by V = 500011.032 . Find the value of the account after 10 years.
Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!
A person invests $5000 in an account at 3% interest compounded annually. The value V of the account after t years is described by V=5000(1.032)^t . Find the value of the account after 10 years.
Get a calculator and plug in the numbers to find the answer on your own.
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