Answer
The balance is $8081.13 after five years.
Work Step by Step
n=20
$6000(1+\frac{0.06}{4})^{20}$
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.