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If we invest $5,000.00 in an investment account paying 1% interest compounded annual, how much will the account be worth in 14 years? A(t) = P(1+)". n The account in 14 yea…

If we invest $5,000.00 in an investment account paying 1% interest compounded annual, how much will the account be worth in 14 years? A(t) = P(1+)". n The account in 14 yea…
asked 107k views
14 votes
If we invest $5,000.00 in an investment account paying 1% interest compounded annual, how much

will the account be worth in 14 years?
A(t) = P(1+)".
n
The account in 14 years will be worth $

asked
User OguzGelal
by
8.0k points

1 Answer

7 votes

Answer:

5747.37

Explanation:

5 000 ( 1 + .01) ^14

= 5747.37

answered
User TXK
by
8.8k points
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