Principle=$745 rate= 9% time= 4years
1 answer:
Based on a yearly rate (which is the norm) I give you my answer ..
Your principle is at 745$
Annual Rate 9%
For the first year your principle will grow by 67.05 $ if untouched (9%) up to 812.05 $
2nd year .. 9% of the 812.05 $ is 73.0845 $ .. So by the 2nd year you reach 885.1345 $
3rd year .. 79.662105 $ .. Total 964.796605 $
4th year .. 86.83169445 $ .. <u>Final</u><u> 4 Years </u><u>Total 1051.62829945 $</u>
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