kamdynmcgowan kamdynmcgowan

09-11-2020
Mathematics

contestada

You invest $6,000 at 3.5% interest compounded annually. How much will
your investment be worth in 5 years? *

Respuesta :

zrh2sfo zrh2sfo

09-11-2020

Answer:

$7,126.12

Step-by-step explanation:

Final investment value

$7,126.12

Total interest earned

$1,126.12

Initial balance

$6,000.00

Total monthly deposits

$0.00

Effective Annual Rate (APY)

3.5%

compounded annually

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