382,596 views
4 votes
4 votes
Alberto invested $5,000 at 6% interest

compounded annually. What will be the
value of Alberto's investment after 8 years?

User Moshezauros
by
3.0k points

2 Answers

20 votes
20 votes

Answer:

7400

Explanation:

User Enenen
by
2.9k points
23 votes
23 votes

Answer:

$7969.24

Explanation:

5000*1.06 to power of 8 = 7969.24037265

round to 2dp = $7969.24

User Martin Brandl
by
2.7k points
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