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An investor puts ​$900 in an account that pays 44​% interest compounded annually. Find the account balance after 5 years.       The account balance after 5 years is about 

 Mar 16, 2016
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An investor puts ​$900 in an account that pays 44​% interest compounded annually. Find the account balance after 5 years.       The account balance after 5 years is about

 

FV=900(1.44)^5

FV=900 x 6.1917364224

FV=$5,572.56.

 Mar 16, 2016

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