lilleot15 lilleot15

13-03-2018
Mathematics

contestada

How much would $500 invested at 7% interest compounded annually be worth after 5 years?

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sarai2003 sarai2003

13-03-2018

interest compound= p(r+1)^t A=interest compound

7%= 7/100=0.07
A=500(0.07+1)^5
A=701.28

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