SOLUTION: A principal of $4800 is invested at 3.5% interest, compounded annually. How much will the investment be worth after 6 years? Use the calculator provided and round your answer t

Question 870791: A principal of $4800 is invested at 3.5% interest, compounded annually. How much will the investment be worth after 6 years?
Use the calculator provided and round your answer to the nearest dollar.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!



Hi

 In General 

A = Accumulated Amount

P= principal = $4800

r= annual rate = .035

n= periods per year = 1

t= years =6

 in dollars 

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