If $5000 is invested at a rate of 3% interest compounded quarterly, what is the value of the investment in five years?
A=P(1+r/n)^nt

$5,805.92

Step-by-step explanation:

Lets use the compound interest formula provided to solve this:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, change 3% into a decimal:

3% -> -> 0.03

Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:

The value of the investment after 5 years will be $5,805.92

i believe the correct answer is option 4.principalities were small territories that were run by russian rulers.

which statement correctly defines principalities in northern asia in the 1200s? principalities were small territories that were run by russian rulers.

hope i could ! : )