Question

If $5,000 is invested at 3.2% interest compounded monthly, how much would you have after 40 months?

(Posted it before but it got deleted because someone put a link in the answers)

Answer 1

Use the given functions to set up and simplify 3.2 % . 5 = 0 = 3.2 % = 0.032 40 mo = 0.032

Explanation: