Answered: An investor put $2000 into the stock…

An investor put $2000 into the stock market. The investment grows by 5% each year. Determine the value of the investment after 7 years. Round your answer to the nearest whole number.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 21E

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An investor put $2000 into the stock market. The investment grows by 5% each year. Determine the value of the investment after 7 years. Round your answer to the nearest whole number.

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