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24-01-2021
Mathematics

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A principal of $2700 is invested at 8% interest, compounded annually. How much will the investment be worth after 15 years?
Use the calculator provided and round your answer to the nearest dollar.

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cwrw238 cwrw238

24-01-2021

Answer:

$8564.86 to nearest cent.

Step-by-step explanation:

Investment after 15 years = 2700(1 + 0.08)^15

= 8564.856608.

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