please dont guess Jesse Ellis invested $4,000 in a savings account that paid 6%

Question

please dont guess

Jesse Ellis invested $4,000 in a savings account that paid 6% interest compounded annually for six years. At the end of six years. Jesse will have approximately (the table below may help you answer this question) Compound Value Interest Factors Period 2% 4% 6% 8% 10% 12% 15% 20% 1 1.0200 1.0400 1.0600 000 1.10001.1200 1.1 500 1.2000 2 1.0404 10816 1.1236 16640 12100 125441.3225 14400 3 1.0612 1.1249 1.1910 1.2597 13310 1.4049 15209 1.7280 4 1.0824 1.1699 12625 13605 14641 15735.7490 2.0736 5 1.1041 12167 13382 1.4693 16105 1.7623 20114 2.4883 6 1.1262 12653 14185 15869 1716 1.97382.3131 2.9860 7 1.1487 13159 15036 1.7138 19487 2.21072,6600 3.5832 1.1717 13686 15938 1.8509 2.1436 24760 3.0590 4.2998 9 1.1951 14233 16895 1.9990 23579 2.7731 35179 5.1598 10 1.2190 14802 1.7908 2.1589 2.5937 3.1058 4.0456 6.1917 11 1.2434 15395 1.8983 23316 2.8531 3.4785 46524 74301 12 1.2682 16010 20122 25182 3.1384 3.8960 53502 8.9161 13 1.2936 1.6651 2.13292.7196 3.4523 43635 6.1528 10.6990 14 1 37975 48871 7.0757 12.8390 15 1.3459 1.8009 2.3966 3.1722 4.1772 5.4736 8.137115.4070 1.3728 1.8730 25404 3.4259 45950 6.1304 9.357618.4880 17 1.4002 19479 2.6928 3.7000 5.0545 6.8660 10.7610 22.1860 18 14282 2.0258 2.8543 3.9960 55599 7.6900 12.3750 26.6230 19 14568 2.1068 3.0256 43157 6.1159 8.6128 14.2310 31.9480 20 14859 2.1911 3.2071 46610 67275 9.6463 16.3660 38.3370 1.3195 17317 22609 2.9372 Select one: a. A. $5.103 . . $5,674 c. C. $5,506 d. D. $4,903 e. E. None of the abovel

Explanation / Answer

AS PER CHEGG POLICY, ONLY ONE QUESTION CAN BE ANSWERED AT A TIME.

FUTURE VALUE = INVESTMENT * PVF(6%, 6 YEARS) 4000 * 1.4185 5674 ANS B) $ 5674

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