osmanfalhado osmanfalhado

01-03-2020
Mathematics

contestada

a principal is $3100 is invested at 8.25 % interest, compounded annually. how much will the investment be worth after 14 years

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fiery1765 fiery1765

01-03-2020

The equation is y=a(1+r)^t

A is the principal
R is the rate
T is time
Y is the total

Y=3100(1+0.0825)^14

Y =9404.86

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