bewellplus.gsu.edu
sjessica415 sjessica415
  • 02-02-2017
  • Mathematics
Answered

Can someone help me with this question? Thanks!

How much compound interest will an account of $12,000 bear after 6 years at 3.2% APR, compounded annually? (Hint: Use the formula for annual compound interest.) $2,496.38

$14,496.38

$1,896.38

$496.38

Verified Answer :

wolf1728
wolf1728 wolf1728
  • 02-02-2017

Total = Principal (1 + rate)^years
Total = 12,000 (1.032)^6
Total = 12,000 *



1.208031291




Total =



14,496.38





Answer Link

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