A principal of 2800 is invented @4.5% compound annually. How much will the investment be worth in 11 years

Question

A principal of 2800 is invented @4.5% compound annually.  How much will the investment be worth in 11 years

Andrew K. · Accepted Answer

a) A = P(1 + r)^tb) A = 2800(1 + .045)^11c) A = 2800(1.045)^11d) A = 2800(1.62285304571)e) A = 4543.988528f) A = about $4,543.99I hope this helps!

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