Sharlene opened a new account and deposited $6,000. - The bank pays 5.5% interest compounded annually. A= P(1+r)* - She makes no other deposits or withdrawals. Which amount is closest to the amount in her account at the end of 5 years? O A. $7,841.76 O B. $7,650.00 O C. $6,330.00 O D. $6,155.00
Sharlene opened a new account and deposited $6,000. - The bank pays 5.5% interest compounded annually. A= P(1+r)* - She makes no other deposits or withdrawals. Which amount is closest to the amount in her account at the end of 5 years? O A. $7,841.76 O B. $7,650.00 O C. $6,330.00 O D. $6,155.00
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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![Sharlene opened a new account and deposited $6,000.
- The bank pays 5.5% interest compounded annually. A= P(1+r)*
- She makes no other deposits or withdrawals.
Which amount is closest to the amount in her account at the end of 5 years?
O A. $7,841.76
O B. $7,650.00
O C. $6,330.00
O D. $6,155.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ef985c7-cd5b-4f89-905a-e1a883469e77%2F191f244a-e241-468a-b020-dfc087b84579%2Fy3t3lzn_processed.png&w=3840&q=75)
Transcribed Image Text:Sharlene opened a new account and deposited $6,000.
- The bank pays 5.5% interest compounded annually. A= P(1+r)*
- She makes no other deposits or withdrawals.
Which amount is closest to the amount in her account at the end of 5 years?
O A. $7,841.76
O B. $7,650.00
O C. $6,330.00
O D. $6,155.00
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