SOLUTION: suppose your friend's parents invest $25,000 in an account paying 4% compounded annually. whta will the balance be after 6 years?

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Question 1014824: suppose your friend's parents invest $25,000 in an account paying 4% compounded annually. whta will the balance be after 6 years?
Found 2 solutions by Bb, MathTherapy:
Answer by Bb(20) About Me  (Show Source):
You can put this solution on YOUR website!
To solve this problem you will need to use A=Pe%5E%28rt%29
P-Principle
r-rate
t-time
25000%2Ae%5E%28.04%2A6%29=A
A=$31781.23

Answer by MathTherapy(10549) About Me  (Show Source):
You can put this solution on YOUR website!

suppose your friend's parents invest $25,000 in an account paying 4% compounded annually. whta will the balance be after 6 years?
Future Value, after 6 years: highlight%28highlight_green%28highlight%28matrix%281%2C1%2C%22%2431%2C632.98%22%29%29%29%29