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Roland invests $12000 in an account that pays compound interest at a rate of 2.2% per year. Calculate the value of his investment at the end of 6 years.​

Roland invests $12000 in an account that pays compound interest at a rate of 2.2% per year. Calculate the value of his investment at the end of 6 years.​
asked 114k views
21 votes
Roland invests $12000 in an account that pays compound interest at a

rate of 2.2% per year. Calculate the value of his investment at the end of 6
years.​

asked
User Saman
by
9.3k points

1 Answer

8 votes

Answer:

The final balance is $13,691.65.

The total compound interest is $1,691.65.

Explanation:

answered
User Saulotoledo
by
8.0k points
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