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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 t…

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 t…
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4 votes
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.

User Sir Robert
by
8.5k points

1 Answer

4 votes
The investment would be worth approximately $4,498 after 14 years rounded to the nearest dollar
User Andrei Dziahel
by
7.8k points
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