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2 years ago

When Sarah turned 18, she took $500 from her savings and opened a

Mathematics

1 answer:

Montano1993 [528]2 years ago

6 0

The worth of Sarah's investment when she is 68 is $14,728.51.

<h3>What is the worth of the investment?</h3>

The formula that can be used to determine the worth of the investment is:

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years = 68 - 18 = 50

$500 x (1.07)^50 = $14,728.51

To learn more about future value, please check: brainly.com/question/18760477

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