SOLUTION: A principal of $1800 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 5 years?

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Question 322823: A principal of $1800 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 5 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=1800(1.0475)^5
A=1800*1.26116
A=2270.09