A principal of $4700 is invested at 5.5% interest, compounded annually. How much will the investment be worth after 14 years? Use the calculator provided and ROUND your answer to the nearest dollar.

Question

anonymous · Answer

@autumnm @harishk @wolfd.andi @Frostbite @babatee @nincompoop @EmogirlAtEmoooocow @autumnm

anonymous · Answer

for 4700 alone the tax will come as 258.5$ per year. if you didn't include the tax in the initial the whole investment value will be 4700 +(258.5 x 14).

if you include the tax in the initial every year (as the initial investment gets increased and will be 4700+258.5 = 4958.5 on first year. so, then for hte second year, the tax calculation depends on the new value. as 4958.5 x 0.05% = 247.9$.. so as it goes, the tax value increases. 
and finally you will come to an point at 14 year where the value will be around 14K to 15K.

Happy enough...

anonymous · Answer

CAN U HELP WITH ROUNDING 411025 TO THE NEAREST WHOLE # @HazelLuv99