Jolene wants to invest $2000 into a money market account. interest is to be 6.5% compounded annually, and she wants to take the entire amount out after 5 years to put towards the purchase of a new car. how much will she have her down payment in five years?

Interest = 650$

Step-by-step explanation:

Given:

Invest  Inv = 2000$, interest rate r = 6.5% compounded annually

and time n = 5 years

Formula for calculation is:

Int = (Inv · r · n) / 100

Int = (2000 · 6.5 · 5) / 100 = 650$

Int = 650$

God with you!!!

1 1/6 or 1.16

Step-by-step explanation:

You can find the decimal by dividing 7 by 6 or 7÷6, which equals the answer above, 1.16.