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likoan [24]
3 years ago
12

Lauren is going to invest in an account paying an interest rate of 3.4% compounded

Mathematics
1 answer:
anzhelika [568]3 years ago
6 0
The answer would be 7615.7
Suppose x needs to be invested
So x.(1+3.4%)^8=13000
X. 1.034^8=13000
X=13000
———-
1.034.8
X= 7615.7
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