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Blababa [14]
3 years ago
7

I NEED ANSWER ASAP !!!

Mathematics
1 answer:
aivan3 [116]3 years ago
4 0

Answer:

5

Step-by-step explanation:

3+2x=5x

3=3x

x=1

PR=5

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If $64,000 is invested in an IRA account with an annual interest rate of 8% compounded once a year, what is the value of the acc
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If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So

n = 1

We want to determine the value of the account after 6 years, this means

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Applying the compound interest formula,

A = P(1 + r/n)^nt

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A = 64000( 1 + 0.08/1)^1×6

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3 years ago
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