SOLUTION: How much would $200 invested at 6% interest compounded annually be worth after 5 years ?

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: How much would $200 invested at 6% interest compounded annually be worth after 5 years ?      Log On


   



Question 476745: How much would $200 invested at 6% interest compounded annually be worth after 5 years ?
Answer by checkley79(3341) About Me  (Show Source):
You can put this solution on YOUR website!
P=200(1+.06)^5
P=200*1.06^5
P=200*1.338
P=$267.645 ANS.