A principal of $4500 is invested at 5.75% Interest, compounded annually. How much will the investment be worth after 5 years?

$5,951.33

Step-by-step explanation:

We can use the compound interest formula to solve this problem:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, change 5.75% into a decimal:

5.75% -> -> 0.0575

Now, plug in the values:

After 5 years, the investment will be worth $5,951.33

i am unable to solve this problem

step-by-step explanation: