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18 January, 21:40

You invest $2,000 in an account that is compounded annually at interest of a rate 5% you never withdrew money from the account how much money will be in the account after 4 years

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  1. 18 January, 21:57
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    Answer: $2431.01

    Step-by-step explanation:

    A = (1+r/n) ^nt

    = 2000 (1+.05) ^4

    = 2000 (1.05) ^4

    = 2000 x 1.22

    = 2431.01
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