raytray41
raytray41
02-06-2018
Mathematics
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stuck i need help please
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sqdancefan
sqdancefan
02-06-2018
Use the formula for compound interest.
A = P(1 +r)^t
Fill in the given values and do the arithmetic.
A = 3100(1+.035)^9
A = 4224.98
After 9 years, the investment will be worth $4,225.
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