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slega [8]
3 years ago
8

Suppose you invest 16000 at 9% interest and that it is compounded daily. How much will you have in 8 years?

Mathematics
1 answer:
forsale [732]3 years ago
5 0

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one.

Step-by-step explanation:

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