### Home > PC > Chapter 8 > Lesson 8.1.3 > Problem 8-47

8-47.

*y* = 5000(1.01)^{12}*y* = 5,634.13 dollars

*y* = 5000(1.02)^{4}*y* = 5,412.16 dollars

Follow the same thinking process as in the parts above.

Follow the same thinking process as in the part (a) and (b) above.