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Help How much will $5,000 invested at 6% compounded annually amount to after 10 years?

  • TheBreeze: To find one year, here's the equation:
    5000 + 0.06(5000)
    For 10 years:
    5000 + 10(0.06(5000))
    Multiply:
    5000 + 0.6(5000)
    We can make it smaller:
    1.6(5000) = 8000
    You can make $8000
75000 Annually Is How Much Hourly
75000 Annually Is How Much Hourly

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