Register

A principal of $1600 is invested at 5.5% interest, compounded annually. How much will the investment be worth after 9 years? round your answer to the nearest dollar.

A principal of $1600 is invested at 5.5% interest, compounded annually. How much will the investment be worth after 9 years? round your answer to the nearest dollar.
asked 207k views
2 votes
A principal of $1600 is invested at 5.5% interest, compounded annually. How much will the investment be worth after 9 years?

round your answer to the nearest dollar.

asked
User Remy Wang
by
8.9k points

1 Answer

5 votes
Sorry about my handwriting, also in my country we use commas as decimal points, substitute it with a point if you use that.
A principal of $1600 is invested at 5.5% interest, compounded annually. How much will-example-1
answered
User Reef
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!