1240 at 8% compounded annually for 3 years
1 answer:
Answer:
1562.05
Step-by-step explanation:
A = P(1 + r/n)^(n*t)
A = 1240(1 + 0.08/1)^(3*1)
A = 1562.04288
A = 1562.05
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Hope this helps. - M