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An investment account earns 4% per year compounded annually. If the initial investment was $4,000.00, how much is in the accoun...Asked by Kaai97
An investment account earns 4% per year compounded annually. If the initial investment was $4,000.00, how much is in the account after 3 years? Round your answer to the nearest dollar.
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Answered by
bob
The account is $4,480 after 3 years with a 4% investment
Answered by
Suffering over here
Can you please show the process of getting to that answer? I would like to write down the process so I can fully understand the problem. Thanks!
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