serita97
serita97 serita97
  • 21-11-2016
  • Mathematics
contestada

A retiree invests $5,000 in savings plan that pays 4% per year. What will the account balance be at the end of the first year ?

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Goten
Goten Goten
  • 21-11-2016
$5000 + 4% = $5000.04
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Anthjcress Anthjcress
  • 21-11-2016
At the end of the first year the account balance would be 200! 5000 x .04 = 200$
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