1. $1500 earning 7% interest compounded annually for 12 years
1 answer:
Answer:
$3378.3
Step-by-step explanation:
P= 1500
R= 75
T= 12 years
A= P(1+R/100)^T
A= 1500(1+7/100)^12
A=1500(1.07)^12
A= $3378.3
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