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A grandmother deposited $5,000 in an account that pays 5% per year compounded annually when her granddaughter was born. What will the value of the account be when the granddaughter reaches her 14th birthday?
a) $9,879.66
b) $9,869.66
c) $9,899.66
d) $9,929.66
e) $9,889.66
f) None of the above.
 one year ago
 one year ago
A grandmother deposited $5,000 in an account that pays 5% per year compounded annually when her granddaughter was born. What will the value of the account be when the granddaughter reaches her 14th birthday? a) $9,879.66 b) $9,869.66 c) $9,899.66 d) $9,929.66 e) $9,889.66 f) None of the above.
 one year ago
 one year ago

This Question is Closed

tkhunnyBest ResponseYou've already chosen the best response.1
\($5,000\cdot 1.05^{14}\)?
 one year ago

tkhunnyBest ResponseYou've already chosen the best response.1
What did you get? Was there anything about that little formula that you could not have done on your own? Let's see another one and show your work.
 one year ago

tkhunnyBest ResponseYou've already chosen the best response.1
Sweet. What else have you?
 one year ago
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