SOLUTION: $1250 invested iwith compound interest at a rate of 5%per year for 4 years

SOLUTION: $1250 invested iwith compound interest at a rate of 5%per year for 4 years

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Question 348794: $1250 invested iwith compound interest at a rate of 5%per year for 4 years
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
1,250(1+.05)^4
1,250*1.05^4
1,250*1.2155=$1,519.38 ANS. FOR THE VALUE OF THE INVESTMENT AFTER 4 YEARS.
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