Question

A principal of $3900 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 5 years? Use the calculator provided and round your answer to the nearest dollar.

Answer 1

The answer would to be able to multiply the answers together. For example, the answer for this question would be 5,343 dollars rounded to the nearest tenth.

Explanation:

Answer 2

`3900 * 0.065 * 5 = 1267.5 \\ 1267.5 + 3900 = 5167.5`