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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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      Log On

Hi

 In General 

A = Accumulated Amount

P= principal = $4800

r= annual rate = .035

n= periods per year = 1

t= years =6

 in dollars