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What is the interest earned based upon a principal of $1,000 at a rate of 6% over 8 years????

What is the interest earned based upon a principal of $1,000 at a rate of 6% over 8 years????
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What is the interest earned based upon a principal of $1,000 at a rate of 6% over 8 years????

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User Nil Llisterri
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1 Answer

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1000*(1.06)^8. I'm lazy and don't want to type this into a calculator, but what you get out is the answer.
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User Sergiy Kolodyazhnyy
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