SOLUTION: Find the compound amount for the deposit $6,000.00 at 7% compounded annually for 3 years. Please solve and show steps. Thank you in advance.
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Question 982588: Find the compound amount for the deposit $6,000.00 at 7% compounded annually for 3 years. Please solve and show steps. Thank you in advance. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Find the compound amount for the deposit $6,000.00 at 7% compounded annually for 3 years. Please solve and show steps.
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A(3) = 6000(1+0.07)^3 = $7350.25
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Cheers,
Stan H.
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