SOLUTION: How much would 200 invested at 6% interest compounded annually be worth it for six years round your answer to the nearest cent

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Question 1082681: How much would 200 invested at 6% interest compounded annually be worth it for six years round your answer to the nearest cent
Answer by natolino_2017(77) About Me  (Show Source):
You can put this solution on YOUR website!
let V(t): the value of the investment after t years.
V(t) = V(0)*(1+ 6/100)^t
V(t) = 200*(1.06)^t
V(6)= 200*(1.06)^6 = 283.70.
The answer is 283 dollars and 70 cents.
@natolino_