You invest $1,300 in an account that has an annual interest rate of 5%, compound

label Mathematics
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schedule 1 Day
account_balance_wallet $5

You invest $1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the account after 10 years? Round your answer to the nearest whole number.

Feb 27th, 2015

1300*(1.05)^10=2117.563=2118

Answer: $2,118


Feb 27th, 2015

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Feb 27th, 2015
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