Register

A principal of $1700 is invested at 6% interest, compounded annually. How much will the investment be worth after 13 years?

A principal of $1700 is invested at 6% interest, compounded annually. How much will the investment be worth after 13 years?
80.1k views
2 votes
A principal of $1700 is invested at 6% interest, compounded annually. How much will the investment be worth after 13 years?

User DEKKER
by
7.3k points

1 Answer

3 votes

Answer:

$3626

Explanation:

1700*(1+0.06)^13=3625.978

User Mohammed Yaser
by
9.1k points
← Prev Question Next Question →

Related questions

User YoonHo
asked Jun 12, 2022 140k views
find the balance in a savings account after 12 years with a $1700 principal earning 2% compound annually
YoonHo asked Jun 12, 2022
by YoonHo
8.2k points
1 answer
1 vote
140k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!