Register
Find the balance in the account after the given period. $3000 principal earning 4% compounded annually, 7 years The balance after 7 years will be $ (Round to the nearest cent as needed.)
227k views
11 votes
Find the balance in the account after the given period.

$3000 principal earning 4% compounded annually, 7 years
The balance after 7 years will be $
(Round to the nearest cent as needed.)

User Ricardo Lohmann
by
5.1k points

1 Answer

8 votes

Answer:

3,947.80

Explanation:

User Dhughes
by
5.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

What is the value of x? (-4) - x = 5
Can someone help me with 5??? ASAP?
1/7 + 3/14 equivalent fractions
(3x1,000,000)+(3x100,000)+(2x100) what is this number written in standard form?
The function h = -t2 + 95 models the path of a ball thrown by a boy where h represents height, in feet, and t represents the time, in seconds, that the ball is in the air. Assuming the boy lives at sea
Link Copied!