Total amount if $500 is invested at 4% compounded annually for 10 years

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asked Mar 5, 2019 46.0k views

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Irbull · Answer 1 · 2019-03-10T11:48:23+0000

P(10) = P(2.7183) ^ 0.04 times 10
P(10) = P(2.7183) ^ 0.4
P(10) = P(1.49182868673)
P(10) = 745.914343367
Rounded, it would be 746. Hope it helps! :)

Total amount if $500 is invested at 4% compounded annually for 10 years

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