Dylan invested $1800 in an scoping that pays 3.75% interest compounded annually. Assuming no deposits or withdrawals are made, f
ind how much money Dylan would have in the account 6 years after his initial investment. Round to the nearest tenth if necessary.
1 answer:
Answer:
2244.9
Step-by-step explanation:
Anually compound interest formula
PV(1+i)^t
1800(1+.0375)^6
1800*1.0375^6
2244.921387 which rounds to
2244.9
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