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3 years ago

13

3400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 25 years, to t

he nearest cent?

1 answer:

avanturin [10]3 years ago

6 0

=3400(1+0.0825/1)^1*25
=3400(1.0825)^25
=3400(7.2560058)
=24670.41

Hope this helps!!!

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