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Dominik [7]
2 years ago
10

7. Use the​ compound-interest formula to find the account balance A with the given​ conditions, where P=​principal, r=interest ​

rate, n=number of compounding periods per​ year, t=​time, in​ years, and A=account balance.

Mathematics
1 answer:
Artist 52 [7]2 years ago
4 0

Answer:

<u>$173,954.01</u>

Step-by-step explanation:

Finding compound interest :

  • A = (150,000)(1 + 0.025)⁶
  • A = (150,000)(1.025)⁶
  • A = (150,000)(1.15969342)
  • A = <u>$173,954.01</u>
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