irene2431 irene2431
  • 20-05-2017
  • Mathematics
contestada

a bank account yields 7 percent interest compounded annually. if you deposit 1,000 in the account, what will the account balance be after 5 years?

a. 1350.00
b.1402.55
c.1700.00
b.1070.00

Respuesta :

tmitchell tmitchell
  • 20-05-2017
B. 1,402.55

1000(1+.07)^5
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