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cluponka [151]
2 years ago
15

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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Answer:

Enter a problem...

Algebra Examples

Popular Problems Algebra Solve for x 2/3x-2=7

2

3

x

−

2

=

7

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2

3

and

x

.

2

x

3

−

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=

7

Move all terms not containing

x

to the right side of the equation.

Tap for more steps...

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9

Multiply both sides of the equation by

3

2

.

3

2

⋅

2

x

3

=

3

2

⋅

9

Simplify both sides of the equation.

Tap for more steps...

x

=

27

2

The result can be shown in multiple forms.

Exact Form:

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Mixed Number Form:

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