SOLUTION: $2,400 principal earning 2%, compounded annually, after 7 years

SOLUTION: $2,400 principal earning 2%, compounded annually, after 7 years

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Question 352069: $2,400 principal earning 2%, compounded annually, after 7 years
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
A= p*(1+r)^t
A= FV
p=2400
r=2%=0.02
t=7
A= 2400*(1.02)^7
A= $ 2756.8
...
m.ananth@hotmail.ca
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