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valkas [14]
3 years ago
10

How much would $500 invested at 7% interest compounded annually be worth after 5 years?

Mathematics
1 answer:
Juliette [100K]3 years ago
8 0
Interest compound= p(r+1)^t     A=interest compound

7%= 7/100=0.07
A=500(0.07+1)^5
A=701.28

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answer
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