Andrew invested
$
1600
$1600 in an account that pays 4.5% interest compounded annually. Assuming no deposits or withdrawals are made, find how much money Andrew would have in the account 12 years after his initial investment. Round to the nearest tenth (if necessary).

Question

05-01-2022
Mathematics

Answered

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Andrew invested
$
1600
$1600 in an account that pays 4.5% interest compounded annually. Assuming no deposits or withdrawals are made, find how much money Andrew would have in the account 12 years after his initial investment. Round to the nearest tenth (if necessary).

Sagot :

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