ashadley238 ashadley238

08-02-2017
Mathematics

contestada

can someone please help!???

Evan opens a savings account with $5,000. He deposits $75 every month into the account that compounds annually and has a 0.85% interest rate. What will his account total be in 5 years?

$8,267.58

$5,597.57

$9,793.30

$12,851.12

Respuesta :

Aliwohaish12 Aliwohaish12

08-02-2017

This problem is made up of two parts. You need to find the future value of $5000 and you need to add to it the future value of an $85 periodic monthly payment..

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