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Greeley [361]
3 years ago
14

Suppose that $6500 is placed in an account that pays 17% interest compounded each year. Assume that no withdrawals are made from

the account.
Mathematics
1 answer:
MatroZZZ [7]3 years ago
4 0

Answer: $7,605

Step-by-step explanation:

At the end of 1 years, the amount in the account will be:

= Principal * (1 + rate)^ no. of periods

= 6,500 * (1 + 17%)

= $7,605

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3 years ago
Norman and Suzanne own 34 shares of a fast food restaurant stock and 70 shares of a toy company stock. At the close of the marke
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this is the system of equations heeded o solve this problem. because we are given that both stocks together are equal to $1488. we are also told that here are 34 share of the fast food stock. and there are 70 shares of the toy stock. each share has an unknown value. this is where i get the. 34F and 70T. we are told that one fast food share (F) is equal to $30 more than the toy share (T) so f=t+30.
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