SOLUTION: A principal of $3200 is invested at 4% interest, compounded annually. How much will the investment be worth after 6 years?

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Question 399907: A principal of $3200 is invested at 4% interest, compounded annually. How much will the investment be worth after 6 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=3200(1.04)^6
A=4049