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A principal of $2600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 5 years?
Use the calculator provided and round your answer to the nearest dollar.

Respuesta :

ujoy64

Answer:

$3733

Step-by-step explanation:

Do 2600 * 1.075^5 = 3732.636248

3733 to nearest dollar

Answer:

A=P{1+ r/t)}^nt t= compounding per year; nt= total compoundings

A=2600{1+.075)^5

=2600* (1.075^5)

=$3733

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