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A principle of $1500 is invested at 7.25% interest compounded annually how much will the investment be worth at five years

A principle of $1500 is invested at 7.25% interest compounded annually how much will the investment be worth at five years
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3 votes
A principle of $1500 is invested at 7.25% interest compounded annually how much will the investment be worth at five years

asked
User Umar Karimabadi
by
8.1k points

1 Answer

4 votes

Answer: $2128.52

Explanation:


1500(1+.0725)^(5)

answered
User Ivan Koshelev
by
8.9k points
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