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30 August, 13:38

dakota received a bonus check for $2,500 and is going to deposit the money into a bank account that receives 5.5% compounded annually. What is dakotas account balance after five years?

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  1. 30 August, 13:56
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    Answer: $3267.40

    Step-by-step explanation:

    A = P (1+r/n) ^nt

    A = 2500 (1+0.055) ^nt

    A = 2500 x 1.30696

    A = 3267.40
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