Question

#6

Suppose that you do 30000 in a wings out that pays 9% annual interest with interest credited to the account at the end of each you. Antingen werdend that interest compounded computer (a) and (b) below (a) Find the balance in the counter 5 years Find the balance in the account her years and 10 months The amount of money in the court or 5 years in Round to the nearest as needed) The amount of money in the counter years and 10 months Round is the most ded)

Answer 1

Solution p = $ 6ow v-9) p.c A = P(x + 1 Low) * a) Amount when t-5 yrs A = Bewo [- +91) à 13 9232-74 9231-44) 5 ما b) t- 6yrs 6yrs 10 monthe = 6 + 10 = 82 yrs. 12 12 82/12 A- boro (+ + 2 h له ) $ 10811.62