Answered

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How much money will be in an account after 3 years if it started with $25,000 and the interest rate was 8%
compounded annually?

Sagot :

Answer:

A = $31,755.93

Step-by-step explanation:

A = P(1 + r/n)nt

A = 25,000.00(1 + 0.08/12)(12)(3)

A = 25,000.00(1 + 0.006666667)(36)

A = $31,755.93

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