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100 POINTS Now say you only have $2000 to invest and the highest interest rate you can find is 1.8% compounded annually. If you decide to wait 7 years to go on the trip, how much money will you have to spend on the trip? Use the compound interest formula A = P (1 + i)n. (Round final answer to the nearest cent, but otherwise don’t round any intermediate values)

User Zasaz
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1 Answer

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Answer:

A = $ 2,266.02

A = P + I where

P (principal) = $ 2,000.00

I (interest) = $ 266.02

Explanation:

User Daniel Liuzzi
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