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belka [17]
3 years ago
12

How much interest is earned for the investment? $16,000 for 2 years at 5% compounded annually

Mathematics
1 answer:
HACTEHA [7]3 years ago
7 0
16000(1+(.05/1)^(2x1)
PEMDAS
16000(1.05)^2
16000x1.1025
17640
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