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Suppose you invest 2500 in an account paying 7.25% interest compounded annually find the balance after six years then after 25 years

Suppose you invest 2500 in an account paying 7.25% interest compounded annually find the balance after six years then after 25 years
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suppose you invest 2500 in an account paying 7.25% interest compounded annually find the balance after six years then after 25 years

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User Amelse Etomer
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8.4k points

1 Answer

4 votes
y=2500(1+7.25%)^6 makes $3804.73
y=2500(1+7.25%)^25 makes $14383.76
answered
User Benny Hinrichs
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