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catelyn invested $7000 in an account that earns 5.6% interest, compounded annually. the formula for compound interest is A(t)=P(1+i)^t. how much did
catelyn have in the account after 4 years?

Respuesta :

xxxsanyeo

Answer:

$8,704.70

Step-by-step explanation:

1 year - $7,000 x 1.056 = $7,392

2 years - $7,392 x 1.056 = $7,805.95

3 years - $7,805.95 x 1.056 = $8,243.09

4 years - $8,243.09 x 1.056 = $8,704.70

Hope this helps!

Have a great day!

Plz mark brainliest

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