lovelyk6516 lovelyk6516
  • 09-12-2021
  • Mathematics
contestada

A principal of $2900 is invested at 4.25% interest, compounded annually. How much will the investment be worth after 7 years?

Respuesta :

Аноним Аноним
  • 09-12-2021

Let S = Sum after 13 years

     So = amount invested

     t = time in years

     i = annual interest rate = .0325

The S = So(1+i)t = $2,200(1.0325)13 = $3,334.21

Answer Link

Otras preguntas

Which nation was actively involved in state sponsored terrorism in2008?
PLEASE HELP ASAP!!! CORRECT ANSWER ONLY PLEASE!!! Based on a poll of 100 citizens, a community action group claims that 38% of the population is in favor of the
If a car can go 200 miles in 6hours how far can it go in 7 hours
which of these operations is not closed for polynomials? A. subtraction B. Division C. Multiplication
HELP!!!!!!!! For readers who cant see it says " A rectangular play area is 8 yards long. The expression 56+8x represents the are of the play area in square yard
What is limited government
a letter to your school ​
12 people are entered in a race. if there are no ties, in how many ways can the first three places come out.
Items that are cut or copied are placed on the Clipboard. Please select the best answer from the choices provided T F
how do you find the length of the diagonals?