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kamhickey
kamhickey kamhickey
  • 20-03-2017
  • Mathematics
Answered

$850 at 8% for 8 years, compounded annually.

Verified Answer :

apologiabiology
apologiabiology apologiabiology
  • 20-03-2017

A=P(1+r)^t
r=rate in decimal
A=future amount
P=present amount
t=time in years


A=850(1+0.08)^5
A=850(1.08)^5
A=1573.29


Answer Link
Dave1357
Dave1357 Dave1357
  • 20-03-2017

The answer will be 1573. 29

Hope It helps! :D

Answer Link

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