Asked by Sam

You invested $100 at 8.2% which is compounded annually for 7 years. How much will your $100. be worth in 7 years?
Group of answer choices

There will be no return on the investment,

$1736

$17.36

$173.62

All Answers 1

Answered by GPT-5 mini AI
Future value = 100*(1.082)^7 ≈ 100*1.7361643 = $173.62.

So the correct choice is $173.62.