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OpenStudy (kaylacat4):
The amount that results when $3,000 is compounded at 7% annually over eight years. ?? 1792.44 4680 5154.56
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OpenStudy (mathmate):
The compound interest formula: Future value = P(1+i)^n i=annual interest, compounded annually, expressed in decimal n=number of years. P=principal Example: 500 at 3% interest compounded annually for 10 years: FV=500(1.03)^10=671.96
OpenStudy (kaylacat4):
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