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A principal of $4900 is invested at 8.5% interest, compounded annually. how much will the investment be worth after 7 years? Round to the nearest dollar

A principal of $4900 is invested at 8.5% interest, compounded annually. how much will the investment be worth after 7 years? Round to the nearest dollar
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5 votes
A principal of $4900 is invested at 8.5% interest, compounded annually. how much will the investment be worth after 7 years? Round to the nearest dollar

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User Dilfish
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8.2k points

1 Answer

2 votes
The investment will be worth $8,674 after 7 years.
answered
User Josteve Adekanbi
by
8.0k points
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