Answered: A principal of $4200 is invested at…

A principal of $4200 is invested at 3.5% interest compounded annually. How much will the investment be worth after 6 years? 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 $4200 is invested at 3.5% interest compounded annually. How much will the investment be worth after 6 years?

round your answer to the nearest dollar.

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