How much would $150 invested at 8% interest compounded annually be worth after 13 years? Round your answer to the nearest cent.

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Guest Feb 1, 2016

Guest · Answer 1 · 2016-02-01T02:26:05

How much would $150 invested at 8% interest compounded annually be worth after 13 years? Round your answer to the nearest cent.

It will be worth=$407.94. This is the formula you use:

FV=PV(1.08)^13

FV=150 X 2.7196 =$407.94