SOLUTION: A principal of $4200 is invested at 8% interest, compounded annually. How much will the investment be worth after 5 years? Use the calculator provided and round your

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A principal of $4200 is invested at 8% interest, compounded annually. How much will the investment be worth after 5 years? Use the calculator provided and round your      Log On

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Question 1010354: A principal of
$4200
is invested at
8%
interest, compounded annually. How much will the investment be worth after
5
years?
Use the calculator provided and round your answer to the nearest dollar.

Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
Future Value: FV
FV= 4200(1+0.08)^5 Use your calculator