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Sagot :
Answer:
6168.02
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value - 5000
R = interest rate = 0.03
N = number of years = 7
m = Number of compounding = 52
5000 x ( 1.000577)^52 x 7 = 6168.02
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