If you put $6,470.74 in a savings account that pays 4% for one year what is...

If you put $6,470.74 in a savings account that pays 4% for one year what is the amount of money you will have at the end of the one year?

Expert Solution

FV = PV(1 + r)^t

FV = $6,470.74(1 + 0.04)^1

FV = $6,729.57

jeff jeffy answered 2 years ago

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