Ask Question
1 June, 05:06

A principal of $3700 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 9 years?

+4
Answers (1)
  1. 1 June, 05:11
    0
    Amount = 3,700 * (1.0475) ^9

    Amount = 3,700 * 1.5184003135

    Amount = 5,618.08
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A principal of $3700 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 9 years? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers