miasigl miasigl

16-11-2020
Mathematics

contestada

A principal of $3000 is invested at 5% interest, compounded annually. How much will the investment be worth after 12 years?
Use the calculator provided and round your answer to the nearest dollar.

Respuesta :

gardnerdanj gardnerdanj

16-11-2020

Answer:

The investment will be worth $5,388.00 after 12 years.

Step-by-step explanation:

[tex]3000 * 1.05^{12}\\=5387.57[/tex]

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