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A principal of $1800 is invested at 4% intrest, compounded annually. How much will the investment be worth after 8 years?

A principal of $1800 is invested at 4% intrest, compounded annually. How much will the investment be worth after 8 years?
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A principal of $1800 is invested at 4% intrest, compounded annually. How much will the investment be worth after 8 years?

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User M Shahzad Khan
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1 Answer

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So the equation would be 4\100 of 1800 every year = (4/100x1800)x8 years = 72x8 years = $576. Best of luck!
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User Saxtheowl
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