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Vitek1552 [10]
3 years ago
7

A principal of $2000 is invested at 8% interest, compounded annually. How much will the investment be worth after 5 years?

Mathematics
1 answer:
emmasim [6.3K]3 years ago
3 0
The answer is $2,939 (see attachment for formula)

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We first have to start at the base value of $45.00, as without that, we have nothing to go off of. We can work right to left because we start at the rightmost point of the problem.

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