SOLUTION: invest 100 00 in 4 years at 7% compound interest. how much money at the end of 4 years
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Question 775468: invest 100 00 in 4 years at 7% compound interest. how much money at the end of 4 years
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
100 + 7 = 107
107% = 1.07
10,000 * 1.07^4
= 13107.96.
Hope this helps.
:-)
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