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Arada [10]
3 years ago
12

A principal of $3700 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 9 years?

Mathematics
1 answer:
kipiarov [429]3 years ago
7 0
Amount = 3,700 * (1.0475)^9
<span><span>Amount = 3,700 * 1.5184003135 </span>
</span><span>Amount = </span><span><span><span>5,618.08 </span> </span> </span>

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see explanation

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Please help solving the attached image!
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2 years ago
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