SOLUTION: 5,000 Invested at 4% APR for 7 years with an annual compunding.find the balance

SOLUTION: 5,000 Invested at 4% APR for 7 years with an annual compunding.find the balance

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Question 739556:

5,000 Invested at 4% APR for 7 years with an annual compunding.find the balance
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
5,000(1+.04)^7
5,000*1.04^7
5,000*1.316=$6,579.66 ANS.
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