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Nookie1986 [14]
3 years ago
8

A principal of $2700 is invested at 8% interest, compounded annually. How much will the investment be worth after 15 years?

Mathematics
1 answer:
PolarNik [594]3 years ago
3 0

Answer:

$8564.86 to nearest cent.

Step-by-step explanation:

Investment after 15 years = 2700(1 + 0.08)^15

= 8564.856608.

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