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A principal of $2000 is invested at 8% interest, compounded annually. How much will the investment be worth after 5 years? round to the nearest dollar

A principal of $2000 is invested at 8% interest, compounded annually. How much will the investment be worth after 5 years? round to the nearest dollar
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A principal of $2000 is invested at 8% interest, compounded annually. How much will the investment be worth after 5 years?

round to the nearest dollar

User Galethil
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8.5k points

1 Answer

1 vote
The answer is $2,939 (see attachment for formula)
A principal of $2000 is invested at 8% interest, compounded annually. How much will-example-1
User CrabMan
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