opalpersonal05
contestada

William deposited $5,375 into an account that earns
6.2% interest compounded annually. Assuming he
makes no other deposits or withdrawals, which of the
following is the closest to the value of his account after
36 months?
A. $6,438.02
B. $46,866.34
C. $11,813.02
D. $1,063.02

Respuesta :

masterskali1111

Answer:

I'm pretty sure its D if not I'm sry

aniyaprice0713

Answer:

A

Step-by-step explanation:

Compound interest is p (1+r)^T

5,375(1+0.062)^3 = 6,438.02

You have to convert the months into years.

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