Urgent will give ! moxie wants to have $5000. how much money does she have to deposit in an account at 6% interest, compounded 3 times per year, in order to have $5000 at the end of 6 years?

The formula for compound interest is

Where:

A = the future value of the investment/loan, including interest - the money you want at the end

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)

n = the number of times that interest is compounded per year

t = the number of years the money is invested or borrowed for

In the problem $5000 is our principal -- P, r is 6% = 0.06, n = 3 and t = 6. We place them in the formula.

= 5000( 1 + .02)¹⁸

= 5000(1.02)¹⁸

= 5000(1.42824)

= 7141.23 (rounded to the nearest cent)

So after 6 years Moxie has $7141.23.

answer: options?

step-by-step explanation:

answer is : muchas/tipicas

have a nice day!

~recklesschicken