MATH SOLVE

2 months ago

Q:
# How much would $500 invested at 9% interest compounded annually beworth after 4 years? Round your answer to the nearest cent.Alp) = P(1+5

Accepted Solution

A:

Answer: $705.79.Step-by-step explanation:The formula isAmount = P(1 + r/100) ^ t soAmount = 500 (1 + 9/100)^4= $705.79.