javorianm05 javorianm05

31-03-2020
Mathematics

contestada

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

Respuesta :

faithuowen70 faithuowen70

31-03-2020

Answer:I believe I did this wrong but I got 126,343.75

Step-by-step explanation:

I divided 5000 by 100 to get the percentage then I multiplied the answer by 3.75 for the interest rate then I multiplied that answer by 25 then I multiplied 5000 by 25 and added them together

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