Business, 06.09.2019 02:20 veheca

Pat invested x dollars in a fund that paid 8 percent annual interest, compounded annually. which of the following represents the value, in dollars, of pat's investment plus interest at the end of 5 years&
a. 5(0.08x)
b. 5(1.08x)
c. {1+5(0.08)}x
d. (1.08)^5 *(x)
e. (1.08x)^5

Answers: 1

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Pat invested x dollars in a fund that paid 8 percent annual interest, compounded annually. which of...