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A principal of $3700 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 9 years?
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A principal of $3700 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 9 years?
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Feb 23, 2018
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A principal of $3700 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 9 years?
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Aarona
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Amount = 3,700 * (1.0475)^9
Amount = 3,700 * 1.5184003135
Amount =
5,618.08
Ndequeker
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Mar 1, 2018
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