zaine2001 zaine2001

10-03-2017
Mathematics

contestada

A principal of $3700 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 9 years?

Respuesta :

wolf1728 wolf1728

10-03-2017

Amount = 3,700 * (1.0475)^9
Amount = 3,700 * 1.5184003135
Amount = 5,618.08

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