3 years ago

find the balance in the account after the given period. $12.000 principal earning 4.8% compounded annually, after 7 years.

Mathematics

1 answer:

Mkey [24]3 years ago

8 0

Fill in the given infomation in the appropriate formula.
A = P(1+r)^t
A = $12,000(1.048)^7 ≈ $16,661.35

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Work Shown:

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