Question

A principal of $3000 is invested at 5% interest, compounded annually. How much will the investment be worth after 12 years?
Use the calculator provided and round your answer to the nearest dollar.

Answer 1

Answer:

The investment will be worth $5,388.00 after 12 years.

Step-by-step explanation:

$3000 * 1.05^{12}\\=5387.57$