Naeethaasavage Naeethaasavage

23-07-2020
Mathematics

contestada

A principal of $2000 is invested at 6% Interest, compounded annually. How much will the investment be worth after 11 years
round your answer to the nearest dollar.

Respuesta :

23-07-2020

Answer:

A=3797 dollars

Step-by-step explanation:

A=P(1+r)^t t=time period, r is the rate, P is the principal

A=2000(1+0.06)^11

A=3797 dollars

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