A fraction is shown. 8/16 Which expression is equivalent to this fraction?
1 answer:
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Answer:
$14,030.48
Step-by-step explanation:
We can use the following formula to solve:
<em>P = principal value </em>
<em>r = rate (decimal) </em>
<em>t = time (years)</em>
<em />
First, lets change 7.3% into a decimal:
7.3% -> -> 0.073
Next, plug in the values:
The value will be $14,030.48