Register

A principal of $3000 is invested at 5% interest, compounded annually. How much will the investment be worth after 12 years? Use the calculator provided and round your answer to …

A principal of $3000 is invested at 5% interest, compounded annually. How much will the investment be worth after 12 years? Use the calculator provided and round your answer to …
asked 191k views
2 votes
A principal of $3000 is invested at 5% interest, compounded annually. How much will the investment be worth after 12 years?

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

asked
User EmerG
by
8.5k points

1 Answer

2 votes

Answer:

The investment will be worth $5,388.00 after 12 years.

Explanation:


3000 * 1.05^(12)\\=5387.57

answered
User Ramin Darvishov
by
8.0k 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
How do you estimate of 4 5/8 X 1/3
Link Copied!