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QveST [7]
3 years ago
11

Using the formula in model 1, choose the correct answers for the new balance and amount of interest earned in the following comp

ound interest problem. $1,050 at 6%, for 25 years, compounded annually.
Total Amount = $
Interest Amount =$
Mathematics
2 answers:
mihalych1998 [28]3 years ago
8 0
A= 1,050×(1+0.06)^(25)
A=4,506.46
Interest earned=4506.46-1050= =3,456.46
bulgar [2K]3 years ago
3 0
Total Amount - 4,506.46
Interest Amount- 3,456.46


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