SOLUTION: A principal of $3000 is invested at 6% interest, compounded annually. How much will the investment be worth after 12 years
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Question 545091
:
A principal of $3000 is invested at 6% interest, compounded annually. How much will the investment be worth after 12 years
Answer by
rfer(12662)
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A=3000(1.06)^12
A=3000*2.0122
A=$6036.60
(