If 9100 dollars is invested at an interest rate of 8 percent per year, find the value of the investment at the end of 5 years fo
r the following compounding methods.
1 answer:
Step-by-step explanation:
$9100x(1+8%)*5-9100
=$4270.885
=$4271 (cor. to the nearest integer)
The interest is $4271 while the amount is 13371
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