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Answered

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A principal of $4100 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 5 years?
Use a calculator and round your answer to the nearest dollar.

Sagot :

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Answer:

A=P{1+ r/t)}^nt t= compounding per year; nt= total compoundings

A=4200{1+.08)^9

=4200* (1.08^9)

=$8395.82

=$8396

btw this is an ex.

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Answer:

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Step-by-step explanation:

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