08-01-2019
Mathematics

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You invest $12,000 at 3.8% annual interest compounded annually. How much will you have at the end of 5 years?

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devineredd52 devineredd52

08-01-2019

Answer:

The answer is 60,000.

Step-by-step explanation:

If you invest 12,000 at 3.8 annual interest. Annual means yearly, so that's every year. 12,000 x 5 is 60,000 that's why the answer is 60,000. If the answer is incorrect or correct let me know. If it's correct, mark me as brainlest, give me a rating, or say thank you! Have A Great Day.

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