A principal of $1500 is invested at 8.5% interest, compounded annually. How much will the investment be worth after 14 years? Use the calculator provided and round your answer to the nearest dollar.

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asked Jan 7, 2024 172k views

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A principal of $1500 is invested at 8.5% interest, compounded annually. How much will the investment be worth after 14 years?

Use the calculator provided and round your answer to the nearest dollar.

Mathematics
college

Sir Robert asked

by Sir Robert

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The investment would be worth approximately $4,498 after 14 years rounded to the nearest dollar

Andrei Dziahel answered Jan 14, 2024

by Andrei Dziahel

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