$29.25 in 3 hours. explanation: if he makes $9.75 in 1 hour then 9.75 x 3 (hours) would equal $29.25
Answer:
Step-by-step explanation:
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After 14 years, the investment will be worth $ 2,306.72.
Given that an investment has a $ 1000 principal, 6% annual interest, 6 interest periods and 14 years of investment, to determine, after 14 years, how much the investment will be worth, the following calculation must be performed:
- 1000 x (1 + 0.06 / 6) ^ 14x6 = X
- 1000 x 1.01 ^ 84 = X
- 1000 x 2.3067 = X
- 2,306.72 = X
Therefore, after 14 years, the investment will be worth $ 2,306.72.
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Answer
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