m7aAm5aleMacden m7aAm5aleMacden

11-11-2016
Mathematics

contestada

Five years ago Gary invested $10,000 into an account that makes 6% compounded annually. The value in the account after x years is represented by the formula V = 10,000(1.06)x. Assuming that Gary has made no deposits or withdrawals, how much money is in the account now?

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cadams1508 cadams1508

11-11-2016

here's a hint from me:1.065=1.3382

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alsteva alsteva

16-11-2016

[tex]y=10000(1.06)^x \\y(5)=10000(1.06)^5 \\y(5)=10000 \times 1,3382255776 \\y(5)=13382.255776 \approx 13382.26[/tex]

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