SOLUTION: If $10,000 is invested at a rate of 2 percent for 5 years, how much money is in the account at the end of the term?

SOLUTION: If $10,000 is invested at a rate of 2 percent for 5 years, how much money is in the account at the end of the term?

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Question 852665: If $10,000 is invested at a rate of 2 percent for 5 years, how much money is in the account at the end of the term?
Answer by harpazo(655) (Show Source): You can put this solution on YOUR website!
M = 10,000(1+0.02)^5
Use calculator and solve for M.
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