A principal of $ 2900 is invested at 6.75 % 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.
My guess is that the exact answer would be $2544.75 because you would first multiply 2900 by .0675 to get 195.75. Then you would multiply that by 13 to get 2544.75.
