Mathematics, 17.10.2019 06:30 annikafischer
Scott deposits $5,000 at the end of each year into an account for five years. assuming 6% interest annually, what is the value of his account in five years?
Answers: 1
![FV=P\left [ \frac{(1+r)^n-1}{r} \right ]](/tpl/images/0327/6068/a7965.png)
![FV=5000\left [ \frac{(1+0.06)^5-1}{0.06} \right ]](/tpl/images/0327/6068/8d34f.png)
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Scott deposits $5,000 at the end of each year into an account for five years. assuming 6% interest a...
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