3 years ago

What is the value of 500$ invested at 4% interest compounded annually for 7 years

Mathematics

1 answer:

DiKsa [7]3 years ago

5 0

Answer:

657.96

Step-by-step explanation:

use formula A=P(1+r/n)^nt

A=500(1+.04/1)^1*7

A=500(1.04)^7

A=500(1.3159~)

A= 657.96~

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