Alberto invested $5,000 at 6% interest compounded annually. What will be the value of Alberto's investment after 8 years?

asked Jun 6, 2022 148 views

2 votes

Alberto invested $5,000 at 6% interest

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

3.2k points

Please log in or register to add a comment.

4 votes

Answer:

7400

Explanation:

Objmagic answered Jun 8, 2022

3.5k points

4 votes

Answer:

$7969.24

Explanation:

5000*1.06 to power of 8 = 7969.24037265

round to 2dp = $7969.24

Rajib Deb answered Jun 10, 2022

4.2k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.6m questions

4.7m answers