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3 years ago

12

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:

lubasha [3.4K]3 years ago

7 0

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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