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$43,000 invested at a rate of 5% compounded annually for 3 years.

$43,000 invested at a rate of 5% compounded annually for 3 years.
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$43,000 invested at a rate of 5% compounded annually for 3 years.

User XXJohnRamboXx
by
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1 Answer

4 votes
ANSWER: $49,777.88

Reasoning: the equation is
y=43,000(1.05)^3

Do the math and then

y=43,000(1.157...)
y=49777.875

Then round to...
$49,777.88
User Nominolo
by
8.6k points
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