How much would $200 invested at 7% interest compounded annually be worth after 5 years? Round your answer to the nearest cent. Do not include units in your answer

The future worth (F) of the investment at present (P) with a compound interest i after n years is calculated through the equation,

F = P x (1 + i) ^n

Substituting the known values,

F = ($200) x (1 + 0.07) ^5 = $280.51

Thus, the future worth of the investment is approximately $280.51.