Determine the amount of an investment if $100 is invested at an interest
rate of 5% compounded monthly for 5 years. Round your answer to the
nearest whole dollar. *

$128.34

Step-by-step explanation:

We will use the compound interest formula to solve this problem:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, lets change 5% into its decimal form:

5% -> -> 0.05

Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:

The amount of the investment after 5 years would be $128.34

to plot points   for x just start at the origin (middle) and go to the left however many times it say(if the number is a positive) if the number is a negative then go right however many times it says if it is 0 go nowhere

now keep you pencil there and go up however many times it says on y(if it is positive) if it is negative then go down however many times it says. if it says 0 go nowhere.

you have just plotted a point! now when you finish plotting all of them connect them with a ruler

plot each point as (-3, 7), (0,4), (3,1), (8,-4)   in the parenthesis on the left of the comma is x and the right is y.