SOLUTION: Nate invests $3000 at a 6% interest rate for 3 years. If interest is compounded annually, how much money will he have at the end of 3 years? .

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Question 366479: Nate invests $3000 at a 6% interest rate for 3 years. If interest is compounded annually, how much money will he have at the end of 3 years?
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Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=3000(1+0.06)^3
A=3000*1.191
A=$3573