Camille put $1,250 in a new account at her bank. - The bank pays 2.25% interest compounded annually on this account. - Camille makes no additional deposits or withdrawals. Which amount is the closest to the balance of the account at the end of 5 years?

FV= $1,397.1

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,250

Interest rate (i)= 2.25% compounded annually

Number of periods (n)= 5 years

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

FV= 1,250*(1.0225^5)

FV= $1,397.1

hi there!

first we need to find out how much they are adding to each number to make the next number.

ex: 4 + 4 = 8, 8 + 8 = 16, and so on.

so continuing with 32,

32 + 32 = 64

64 + 64 = 128

128 + 128 = 256

256 + 256 = 512

4, 8, 16, 32, 64, 128, 256, 512

the 8th term of the sequence will be 512

hope this ! ~

the diver is 33 feet below the surface.

step-by-step explanation:

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