Jaidee invests $5,575 in a retirement account with a fixed annual interest rate of
3.03% compounded 6 times per year.
What will the account balance be after 16
years?

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

sorry i got nothing

step-by-step explanation:

the answer is 24.04 :

step-by-step explanation: