document.write( "Question 612485: Suppose $4000 is invested in an account paying 5% interest compounded annually (once a year).
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\n" ); document.write( "Find the balance in the account after 6 years. Round your answer to the nearest penny. \n" ); document.write( "

Algebra.Com's Answer #385507 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi, 
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document.write( "$4000 is invested in an account paying 5% interest compounded annually 
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document.write( "In General 
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document.write( "A = Accumulated Amount
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document.write( "P= principal = 4000
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document.write( "r= annual rate = .05
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document.write( "n= periods per year = 1
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document.write( "t= years = 
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document.write( "Find the balance in the account after 6 years.
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