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8090 [49]
3 years ago
6

Dylan invested $1800 in an scoping that pays 3.75% interest compounded annually. Assuming no deposits or withdrawals are made, f

ind how much money Dylan would have in the account 6 years after his initial investment. Round to the nearest tenth if necessary.
Mathematics
1 answer:
julsineya [31]3 years ago
8 0

Answer:

2244.9

Step-by-step explanation:

Anually compound interest formula

PV(1+i)^t

1800(1+.0375)^6

1800*1.0375^6

2244.921387 which rounds to

2244.9

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