Aprincipal of $3500 is invested at 7.5% interest, compounded annually. how much will the investment be worth after 13 years? use the calculator provided and round your answer to the nearest dollar.

The equation is for when you compound annually is


A=future amount
P=initial amount or principal
r=interest rate in decimal form
t=time in years

so
A=A
P=3500
r=7.5%=0.075
t=13



use your calculator
A=8961.4457
round to nearest dollar
A=$8961

that's how much the investment will be worth after 13 years