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Find the balance in the account after the given period. $3000 principal earning 4% compounded annually, 7 years The balance after 7 years will be $ (Round to the nearest cent as…

Find the balance in the account after the given period. $3000 principal earning 4% compounded annually, 7 years The balance after 7 years will be $ (Round to the nearest cent as…
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11 votes
Find the balance in the account after the given period.

$3000 principal earning 4% compounded annually, 7 years
The balance after 7 years will be $
(Round to the nearest cent as needed.)

asked
User Ricardo Lohmann
by
8.4k points

1 Answer

8 votes

Answer:

3,947.80

Explanation:

answered
User Dhughes
by
7.5k points
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