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 2 years ago
Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. What is the future value of this annuity after 5 years of investing?
 2 years ago
Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. What is the future value of this annuity after 5 years of investing?

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ParthKohli
 2 years ago
Best ResponseYou've already chosen the best response.0\( \color{Black}{\Rightarrow 5000(1 + 0.0245)^5 }\) This isn't simple interest :)

ZhangYan
 2 years ago
Best ResponseYou've already chosen the best response.1anyway \[5,000(1+0.0245)^{5}\]

hiralee
 2 years ago
Best ResponseYou've already chosen the best response.0the options it gives me for answers are  13,127.69 26,255.38 52,510.76 25,256.20
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