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exactly 50 years ago, Mya’s grandmother invested $5000 into an account with a 2% annual interest rate, compounded annually. The money would be for her future grandchild’s college education.

Respuesta :

MathNerd123456

Answer: $13,457.94

Step-by-step explanation:

1. Use the compound interest formula (look for image attached)

2. Plug in the values

3. Solve the Equations

5000(1+(0.02)/1)^1*50 = 13,457.94

(I'm assuming the question was how much money Mya's grandma got back after the investment period.)

Ver imagen MathNerd123456

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