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grin007 [14]
3 years ago
5

Word form for 604,016

Mathematics
2 answers:
Mnenie [13.5K]3 years ago
6 0
Six hundred four thousand and sixteen
Viktor [21]3 years ago
3 0
Six hundred four thousand sixteen
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Elanso [62]

Answer: $11836.8

Step-by-step explanation:

Given. That :

Amount invested = $5000

Interest rate = 9% = 0.09

Period = 10 years, compounded annually

Using the compound interest formula :

A = p(1 + r/n)^nt

A = final amount

P = principal or invested amount

r = rate of interest

n = number of times interest Is applied per period

t = period

A = 5000(1 + 0.09/1)^(1*10)

A = 5000(1.09)^10

A = 5000 * 2.36736367459211723401

A = 11836.81837296058617005

= $11836.8

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