Answer:
A=615.10
Explanation:
The balance after six years is the future value of 459 at a 5% interest rate.
The applicable formula is
A= P( 1+ r )^n
A = amount after six years
P= 459
r=5%
N=6 year
A= 459(1+5/100)^6
A = 459(1.05)^6
A=459 x 1.34
A=615.06
A=615.10
