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teller
 one year ago
Can someone tell me if I did this right?
A principal of $4600 is invested at 6.25% 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.
P=4600
R=0.0625
T=12
F=4600(1+0.0625)^12 = 9521.49396219
teller
 one year ago
Can someone tell me if I did this right? A principal of $4600 is invested at 6.25% 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. P=4600 R=0.0625 T=12 F=4600(1+0.0625)^12 = 9521.49396219

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