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Suppose that $50,000 is invested at 9% interest. Find the amount of money in the account after 4 years if the interest is compounded annually.

Suppose that 50000 is invested at 9 interest Find the amount of money in the account after 4 years if the interest is compounded annually class=

Respuesta :

$50,000 is invested at 9​% interest.

after 4 years

compounded annually.

[tex]\begin{gathered} 50000\cdot(1+0.09)^4 \\ 50000\cdot(1.09)^4=70579.08\text{ dollar} \end{gathered}[/tex]

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