Question

$580 is invested for two years at a rate of 9% per year, compounding annually. complete the table below to determine the final value of the investment, roudning your answers to the nearest cent.​

Answer 1

Year | Rate | Interest (9%) | Principal Invested | Final Value

1 | 9% | 52.20 | 580.00 | 632.20

2 | 9% | 56.94 | 580.00 | 688.14