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➷ The formula you need for this is:
Final value = original value x multiplier^n
[n is the number of years]
First, we must calculate the multiplier
1 + (4/100) = 1.04
Substitute this into the equation:
Final = 240000 x 1.04^12
Solve:
Final = 384247.7325
Thus, your answer is option D.
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➶ Hope This Helps You!
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612
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Sorry what is the question I cannot see the question
