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A principal of $1700 is invested at 6% interest, compounded annually. How much will the investment be worth after 13 years?

A principal of $1700 is invested at 6% interest, compounded annually. How much will the investment be worth after 13 years?
asked 80.1k views
2 votes
A principal of $1700 is invested at 6% interest, compounded annually. How much will the investment be worth after 13 years?

asked
User DEKKER
by
7.3k points

1 Answer

3 votes

Answer:

$3626

Explanation:

1700*(1+0.06)^13=3625.978

answered
User Mohammed Yaser
by
9.1k points
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