Register
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.
18.8k views
5 votes
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
by
9.0k points

1 Answer

4 votes
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
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!