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How much money would you have after 7 years if you invested$12,000 at 2% in order to have compounded annually?

How much money would you have after 7 years if you invested$12,000 at 2% in order to have compounded annually?
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5 votes
How much money would you have after 7 years if you invested$12,000 at 2% in order to have compounded annually?

User Kurt S
by
8.0k points

1 Answer

8 votes

Answer:

$1,680

Explanation:

i think it is right because 12,000 at 2 percent=280 then 280×7= 1,680

User Asb
by
8.3k points
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