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Likurg_2 [28]
3 years ago
7

Five years ago Gary invested $10,000 into an account that makes 6% compounded annually. The value in the account after x years i

s represented by the formula V = 10,000(1.06)x. Assuming that Gary has made no deposits or withdrawals, how much money is in the account now?
Mathematics
2 answers:
dlinn [17]3 years ago
7 0
y=10000(1.06)^x
\\y(5)=10000(1.06)^5
\\y(5)=10000 \times 1,3382255776
\\y(5)=13382.255776 \approx 13382.26
UkoKoshka [18]3 years ago
7 0
Here's a hint from me:<span><span><span>1.065</span>=1.3382</span></span>
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