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Mathematics, 03.08.2019 15:10 1846252
At the beginning of year 1, amada invests $800 at an annual compound interest rate of 5%. she makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account’s balance at the beginning of year 5? what is the balance? a(n) = 800 • (1 + 0.05)(n – 1); $972.41 b. a(n) = 800 + (n – 1)(0.05 • 800); $960.00 c. a(n) = 800 • (1 + 0.05)n; $1021.03 d. a(n) = 800 + (0.005 • 800)(n – 1); $1056.00
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