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a_sh-v [17]
3 years ago
15

A principal of

Mathematics
1 answer:
Novay_Z [31]3 years ago
6 0
Principal = 1600
annual interest = 6% / year
period = 7 years
Future value after 7 years
= 1600(1+0.06)^7
=1600(1.06^7)
=$2045.81
=$2046 (to the nearest dollar)
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