SOLUTION: A principal of $4200 is invested at 8% interest, compounded annually. How much will the investment be worth after 9 years? Use the calculator provided and round your answer to the
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Question 971915: A principal of $4200 is invested at 8% interest, compounded annually. How much will the investment be worth after 9 years? Use the calculator provided and round your answer to the nearest dollar. Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! A=P{1+ r/t)}^nt t= compounding per year; nt= total compoundings
A=4200{1+.08)^9
=4200* (1.08^9)
=$8395.82
=$8396
