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How much would $500 interest at 8% interes the compounded annually be worth after 4 years ?

How much would $500 interest at 8% interes the compounded annually be worth after 4 years ?
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How much would $500 interest at 8% interes the compounded annually be worth after 4 years ?

asked
User Jekis
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8.0k points

1 Answer

1 vote
Total = 500*(1.08)^4
Total = 500* 1.36048896
Total = 680.24

answered
User Nikolay Aleshkovskiy
by
7.9k points
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