Question: Kofi now has $ 5 0 0 . How much would he have after 1 1 years if he leaves it invested at 7 .

Kofi now has $500. How much would he have after 11 years if he leaves it invested at 7.0% with annual compounding?
a. $1,052.43
b. $1,065.76
c. $535.00
d. $983.58
e. $1,110.86

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!