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velikii [3]
2 years ago
13

Pls help me with this

Mathematics
1 answer:
Anit [1.1K]2 years ago
8 0

Answer:

hope this will help you more

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A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
zaharov [31]

After 6 years the investment is $5555.88

Step-by-step explanation:

A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?

The formula used to find future value is:

A(t)=P(1+\frac{r}{n})^{nt}

where A(t) = Accumulated amount

P = Principal Amount

r = annual rate

t= time

n=  compounding periods per year

We are given:

P = $3600

r = 7.5 %

t = 6

n = 1

Putting values in formula:

A(t)=P(1+\frac{r}{n})^{nt}\\A(t)=3600(1+\frac{0.075}{1})^{6*1}\\A(t)=3600(\frac{1.075}{1})^6\\A(t)=3600(1.075)^6\\A(t)=3600(1.543)\\A(t)=5555.88

So, After 6 years the investment is $5555.88

Keywords: Compound Interest formula

Learn more about Compound Interest formula at:

  • brainly.com/question/4361464
  • brainly.com/question/12773544
  • brainly.com/question/2869849

#learnwithBrainly

8 0
3 years ago
Elleanna is planning is join a DVD club and is investigating the options for membership.Option 1 is a $20 memership fee and $1.2
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In my opinion the reason 4 is incorrect

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6. You want to save $1,000,000 in 40 years at a 3.5% interest rate. What is the principal (initial amount) you need to invest? R
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When you deposit money in a bank, the bank usually pays you for the use of your money. When you take out a loan from a bank, you have to pay the bank for the use of their money. In both cases, the money paid is called the interest. It is usually expressed as a percent. Here we shall look at a formula for simple interest.

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Evaluate f3 + 11g - 4h when f = 3,9 = 2 and h = 7.
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Answer:

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Step-by-step explanation:

so its 9+22-28=3

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3 years ago
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