Use A= P(1+r/n)^nt to solve. How much will you have after a $5,000 investment at 2% interest compounded annually for 50 years?

By: USER1132
29 Agustus 2025 mathematics 5 minutes
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Question

Grade: Education Subject: mathematics
Use A= P(1+r/n)^nt to solve. How much will you have after a $5,000 investment at 2% interest compounded annually for 50 years?
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Answer (126)

Best Answer
(44)
You will have $13457.94 after 50 years
Answered on 29 Agustus 2025
(147)
Start by setting up your equation like this
A = 5,000(1+(0.02/1))^1*50
then solve
A = 5,000(1.02)^50
A = $13,457.94

Answered on 29 Agustus 2025

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