ashlee56787 ashlee56787

22-04-2020
Mathematics

contestada

How much would $500 invested at 8% interest compounded annually be
worth after 4 years? Round your answer to the nearest cent.

Respuesta :

chaudhrymaimoonah chaudhrymaimoonah

22-04-2020

The answer is $680.24

Here is the work:

A(4) = 500(1+(0.08/1))^(1*4)

A(4) = 500(1.08)^4

A(4) = $680.24

Answer Link

abbynormal04 abbynormal04

24-02-2021

Answer:

$680.24

Step-by-step explanation:

a p e x :))

Answer Link

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