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3 years ago

6

How much would $600 invested at 8% interest compounded annually be worth after 3 years? Round your answer to the nearest cent.

1 answer:

schepotkina [342]3 years ago

5 0

Answer:

Step-by-step explanation:

A = P (1 + i)³

A = final amount

P = principal

i = interest

3 = 3 years

A = $600 (1 + 0.08)³

A = $600 (1.26)

A = $756

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