A principal of $4700 is invested at 6% interest compounded annually. How much will the investment be worth after 12 years Use the calculator provided and round your answer to the nearest dollar.
Added by Mary P.
Step 1
06 as a decimal), and the number of years is 12. Future Value = 4700 * (1 + 0.06)^12 Now, we can plug in the values and calculate the future value: Show more…
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