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Natasha_Volkova [10]
3 years ago
10

Suppose your​ friend's parents invest $ 10,000 in an account paying 7 % compounded annually. What will the balance be after 5 ​y

ears?
Mathematics
1 answer:
Alik [6]3 years ago
7 0
You use the formula Interest=principle (rate) time or i=prt. If you use that formula to solve, your answer will be 3,500. After five years, the balance will be $3,500. 

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