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What will the balance be in 5 years from today

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Reference no: EM131829427

Ten years ago you deposited $4,000 into a new bank account and made no further deposits until today, when you deposited $1,000 more. If the balance today after the $1,000 deposit is $6,480.96, the bank continues to pay the same EAR it always has, and you make no further deposits, what will the balance be in 5 years from today?

Please show all supporting work. Including financial calculator inputs (no excel input or "CF" calculator functions, please).

Reference no: EM131829427

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