Willy has compounded monthly to invest his summer earnings of $4259 in the
Rock Solid Bank. The bank is offering 6%. Willy plans to use the money to go to
college in 5 years. How much will he have in 5 years?

We have been given that Willy has compounded monthly to invest his summer earnings of $4259 in the  Rock Solid Bank. The bank is offering 6%. We are asked to find the amount of money will be after 5 years.

We will use compound interest formula to solve our given problem.

, where,

A = Final amount after t years,

P = Principal amount,

r = Annual interest rate in decimal form,

n = Number of times interest is compounded per year.

t = Time in years.

Since interest is compounded monthly, so and .

Therefore, Will will have approximately in 5 years.

angle addition postulate

2x=56

step-by-step explanation:

∠cbe and ∠deb are same-side interior angles.

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