Question

You invest $12,000 at 3.8% annual interest compounded annually. How much will you have at the end of 5 years?

Answer 1

Answer:

The answer is 60,000.

Step-by-step explanation:

If you invest 12,000 at 3.8 annual interest.  Annual means yearly, so that's every year. 12,000 x 5 is 60,000 that's why the answer is 60,000. If the answer is incorrect or correct let me know. If it's correct, mark me as brainlest, give me a rating, or say thank you! Have A Great Day.