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Total amount if $500 is invested at 4% compounded annually for 10 years

Total amount if $500 is invested at 4% compounded annually for 10 years
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Total amount if $500 is invested at 4% compounded annually for 10 years

User Katalonis
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1 Answer

4 votes
P(10) = P(2.7183) ^ 0.04 times 10
P(10) = P(2.7183) ^ 0.4
P(10) = P(1.49182868673)
P(10) = 745.914343367
Rounded, it would be 746. Hope it helps! :)
User Irbull
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7.6k points
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