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John invests 18000 at a rate of 4.5% compounded annually. What will his new balance be after 6 years

John invests 18000 at a rate of 4.5% compounded annually. What will his new balance be after 6 years
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5 votes
John invests 18000 at a rate of 4.5% compounded annually. What will his new balance be after 6 years

User Jota
by
9.1k points

1 Answer

6 votes

Answer:

486,000

Explanation:

(18000) (4.5) = 81,000

(81,000) (6) = 486,000

User Jian Huang
by
8.1k points
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