SOLUTION: If I invest 2975 dollars for 11 years at 5% compounded annually, how much would i have?

SOLUTION: If I invest 2975 dollars for 11 years at 5% compounded annually, how much would i have?

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Question 40122: If I invest 2975 dollars for 11 years at 5% compounded annually, how much would i have?
Answer by Nate(3500) (Show Source): You can put this solution on YOUR website!
P(a) = a(1 + r)^t
P(a) = 2975(1.05)^11
P(a) = 5088.26
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