A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment be worth after 6 years? Use the calculator provided and round your answer to the nearest dollar
A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment be worth after 6 years? Use the calculator provided and round your answer to the nearest dollar
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment be worth after 6 years?
Use the calculator provided and round your answer to the nearest dollar.
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