A principal of $4200 is invested at 9% Interest, compounded annually. How much will the investment worth after 6 years? Use the

Question

ivanzaharov [21]

3 years ago

15

A principal of $4200 is invested at 9% Interest, compounded annually. How much will the investment worth after 6 years? Use the

calculator provided and round your answer to the nearest dollar

Mathematics

1 answer:

Harman [31] · Answer 1 · 2022-02-25T17:51:20+03:00

Harman [31]3 years ago

3 0

Answer:7043.82

It would be 4200 x 1.09 which is the interest to the power of 6 for the number of years which would then give you 4200 x 1.09^6. This will then give the answer of 7043.82