The value in dollars of a $5,000 investment after n years is given by f(n) = 5,000(1.05)n. Find the value of the investment (i

Question

The value in dollars of a $5,000 investment after n years is given by
f(n) = 5,000(1.05)n.
Find the value of the investment (in dollars) after 4 years.

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Sigridomena 6 months 2021-09-01T10:59:40+00:00 1 Answers 0 views 0

Answers ( )

    0
    2021-09-01T11:01:36+00:00

    Answer:

    6077.53125

    Step-by-step explanation:

    F(4)=5,000(1.05)^4

    f(4)= 6077.53125

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