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A principal of $1500 is invested at 8.5% interest, compounded annually. How much will the investment be worth after 14 years? Use the calculator provided and round your answer t…

A principal of $1500 is invested at 8.5% interest, compounded annually. How much will the investment be worth after 14 years? Use the calculator provided and round your answer t…
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4 votes
A principal of $1500 is invested at 8.5% interest, compounded annually. How much will the investment be worth after 14 years?

Use the calculator provided and round your answer to the nearest dollar.

asked
User Sir Robert
by
8.5k points

1 Answer

4 votes
The investment would be worth approximately $4,498 after 14 years rounded to the nearest dollar
answered
User Andrei Dziahel
by
7.8k points
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