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(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=3000(1.06)^12
A=3000*2.0122
A=$6036.60