$5750 is invested at an annual interest rate of 3.5% for 25 years, find the...

70.2K

Verified Solution

Question

Algebra

image

$5750 is invested at an annual interest rate of 3.5% for 25 years, find the balance if the interest is compounded on the following basis. (Round your answers to the nearest cent. Assume a year actly 365 days.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students