Can someone help me real quick? a principal of $3400 is invested at 4% interest, compounded annually. how much will the investment be worth after 7years? round your answer to the nearest dollar

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asked Nov 1, 2019 3.8k views

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Can someone help me real quick?

a principal of $3400 is invested at 4% interest, compounded annually. how much will the investment be worth after 7years?
round your answer to the nearest dollar

Mathematics
high-school

Avagut asked

by Avagut

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1 Answer

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3,400×(1+0.04)^(7)=4,474.17

Scalway answered Nov 5, 2019

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