If John invested $ 1 at 5 percent interest compounded annually, the total value of the investment, ...
If John invested $ 1 at 5 percent interest compounded annually, the total value of the investment, in dollars, at the end of 4 years would be
Answer/Solution
(1.05)^4
Steps/Work
If John invested $ 1 at 5 percent interest compounded annually, the total value of the investment, in dollars, at the end of 4 years would be
1(1.05)^4
1.05^4
C. (1.05)^4
ANSWER:C
1(1.05)^4
1.05^4
C. (1.05)^4
ANSWER:C