anonymous
  • anonymous
Three years ago, Andy invested $5,000 in an account that earns 5% interest compounded annually. The equation y=5,000(1.05)^x describes the balance in the account, where x is the time in years. Andy has made no additional deposits and no withdrawals. How much is in the account now?
Mathematics
chestercat
  • chestercat
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

gw2011
  • gw2011
y=5000(1.05)^3 y=$5788.13
anonymous
  • anonymous
thanks (: darling
gw2011
  • gw2011
You're welcome

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

Looking for something else?

Not the answer you are looking for? Search for more explanations.