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A principal of $2,000 is invested at 6.25% interest compounded annually how much will the investment be worth after 8 years? round your answers to the nearest dollar

A principal of $2,000 is invested at 6.25% interest compounded annually how much will the investment be worth after 8 years? round your answers to the nearest dollar
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A principal of $2,000 is invested at 6.25% interest compounded annually how much will the investment be worth after 8 years?

round your answers to the nearest dollar

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User Evgueni
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1 Answer

4 votes
$2000 invested at 6.25% compounded annually will be worth $3,248 after 8 years.
answered
User Jstn
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7.8k points
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