timothydowns timothydowns

01-05-2018
Mathematics

contestada

Can someone help me real quick?
a principal of $3400 is invested at 4% interest, compounded annually. how much will the investment be worth after 7years?
round your answer to the nearest dollar

Respuesta :

thedataco1p821ps thedataco1p821ps

01-05-2018

[tex]3400(1 + \frac{4}{100} ) {}^{7} = 4474[/tex]
to the nearest dollar! if it's to the nearest cent, it'll be $4474.17

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