Answer:
$6,194.09
Explanation:
The amount that Danni will have in her savings account (FV) can be determined using a Financial Calculator as follows :
PV = - $5700
N = 4
I/Yr = 2.1 %
P/Yr = 1
PMT = $0
FV = ??
The Future Value (FV) is $6,194.09
Thus, she will have in the account after 4 years an amount of $6,194.09
Answer:
Explanation:
A=Pert
A=5700e(0.021)(4)
A=5700e0.084
A=6199.4846...
Rounded to the nearest dollar, A≈$6199.
