Register
Roland invests $12000 in an account that pays compound interest at a rate of 2.2% per year. Calculate the value of his investment at the end of 6 years.​
114k views
21 votes
Roland invests $12000 in an account that pays compound interest at a

rate of 2.2% per year. Calculate the value of his investment at the end of 6
years.​

User Saman
by
7.0k points

1 Answer

8 votes

Answer:

The final balance is $13,691.65.

The total compound interest is $1,691.65.

Explanation:

User Saulotoledo
by
5.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
What is the measure of xyz
Link Copied!