Laura goes to a bank and opens a new account.
• She deposits $5,500.
• The bank pays 1.6% int...
Business, 09.03.2021 19:20 brooklyn4932
Laura goes to a bank and opens a new account.
• She deposits $5,500.
• The bank pays 1.6% interest compounded annually on this account.
• Laura makes no additional deposits or withdrawals.
Which amount is the closest to the account balance at the end of 4 years?
A) $5,852.00
B) $5.860.53
C)$5.940.00
D)$5.954.31
Answers: 2
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