If an investment earns an interest rate of 3 per year, compounded annually, and is worth $ 1 0 0 in 1 9 8 2 , what would it be worth in 2 0 2 2 ( Enter an answer correct to the nearest cent ) ...

To solve this problem we need to use the compound interes ...

If an investment earns an interest rate of 3 % per year, compounded annually, and is worth

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Question:

If an investment earns an interest rate of

3 %

per year, compounded annually, and is worth $

100

1982,

what would it be worth in

2022 ? (

Enter an answer correct to the nearest cent.

) .

Posted Date: May 13, 2024 02:51 AM

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If an investment earns an interest rate of 3 % per year, compounded annually, and is worth

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