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Find the accumulated value of an investment of $1710 at 5% compounded annually for 20 years. A) $4321.08 B) $3334.50 C) $3420.00 D) $4537.14

Find the accumulated value of an investment of $1710 at 5% compounded annually for 20 years. A) $4321.08 B) $3334.50 C) $3420.00 D) $4537.14
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Find the accumulated value of an investment of $1710 at 5% compounded annually for 20 years.

A) $4321.08
B) $3334.50
C) $3420.00
D) $4537.14

User JP Alioto
by
8.3k points

1 Answer

5 votes

Answer:

D

1710(1+0.05)²⁰=4537.14

User Clairestreb
by
8.5k points
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