<PRE><B>Question 872166</B>
If you put $ 6,000 in a savings account that pays interest at the rate of 4 percent, compounded annually, how much will you have in five years? 
A(5) = 6000(1+0.04)^(5)
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A(5) = 6000*1.04^5 = $7299.92
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 How much interest will you earn during the five years? 
Ans:: Interest = 7299.92-6000 = $3299.92
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Cheers,
Stan H.
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