115k views
3 votes
5.

Congratulations!! You have just won
$22,500! You decide to invest your money. You
may either invest your $22,500 at 5.5% interest,
compounded annually, for a period of three
years. How much will your investment be at the
end of three years? (yellow)

1 Answer

6 votes
At the end of the 3 years it will be

26,212.5
User Shiminsh
by
4.8k points