Ask your own question, for FREE!
Business Skills 8 Online
OpenStudy (delaneyparris):

an investment account earns %4 per year compounded annually. If the initial investment was $4,000.00, how much is in the account after 3 years? round your answer to the nearest dollar.

OpenStudy (anonymous):

Capital \[Capital * (1 + interest rate) ^{years}\] which means 4,000 * (1+ 0.04) elevated at power of 3 equals to around 4500

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!