108k views
2 votes
The exponential rise in balance on an initial investment of $3,000 over 25 years at 2.5% apr. after 20 years about how much interest has the investment earned

User Mlabarca
by
8.0k points

1 Answer

6 votes
Fv=3000(1+0.025)^25=5,561.83
User AMGMNPLK
by
8.2k points