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$8000 principal earning 5% compounded annually, after 6 years

$8000 principal earning 5% compounded annually, after 6 years
asked 69.0k views
5 votes
$8000 principal earning 5% compounded annually, after 6 years

asked
User StackSlave
by
8.0k points

1 Answer

3 votes

Answer:

The final balance is $10,792.14.

The total compound interest is $2,792.14.

Explanation:

answered
User Fjardon
by
8.1k points
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