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A principal of $ 2900 is invested at 6.75 % interest, compounded annually. How much will the investment be worth after 13 years? Use the calculator provided and round your answer to the nearest dollar.
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A principal of $ 2900 is invested at 6.75 % interest, compounded annually. How much will the investment be worth after 13 years? Use the calculator provided and round your answer to the nearest dollar.

User Robert Menteer
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My guess is that the exact answer would be $2544.75 because you would first multiply 2900 by .0675 to get 195.75. Then you would multiply that by 13 to get 2544.75.
User Interrupt
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