Find the total amount for the investment, using compound interest. Daniel invested $21,000. Each year, 5.75% of the current year's account value is earned (compound interest). What will be the total value of the account after 4 years?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 52E
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Daniel invested $21,000. Each year, 5.75% of the current years account value is earned(compound interest) . What will be the total value of the account after 4 years?
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Find the total amount for the investment, using compound interest.
Daniel invested $21,000. Each year, 5.75% of the current year's account value is earned (compound interest). What will be the total value of the account after 4
years?
The total amount in the account after 4 years is S
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|三
Transcribed Image Text:nt A ALEKS - Carrie Randolph - Home x Ô https://www-awu.aleks.com/alekscgi/x/lsl.exe/1o_u-IgNslkasNW8D8A9PVVRO7U92-DYaEgr_90fsfYxO4NqWwIZQIOw8_SWISICfb8ylmiW5z_CTFF-hDO1s60xhYwigBGKN5ap18mhtfh.. Homework 4 Carrie V Question 5 of 22 (1 point) Question Attempt: 1 of Unlimited 13 Español 14 6 7 8 10 11 12 Find the total amount for the investment, using compound interest. Daniel invested $21,000. Each year, 5.75% of the current year's account value is earned (compound interest). What will be the total value of the account after 4 years? The total amount in the account after 4 years is S 国回 |三
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