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find the accumulated value of an investment of 10,000 for 7 years at an intrest rate of 4.5%

Sagot :

Answer:

13,727.90

Step-by-step explanation:

a = p(1+r)^t

Given:

=10,000

r=4.5%=0.045

t=7 years

Let's calculate the accumulated value:

A=10,000×(1+0.045)^7

First, calculate

1+0.045=1.045

Next, raise this to the power of 7:

1.045 ^7 =1.37279

Now, multiply this result by the principal amount:

A=10,000×1.37279≈13,727.90

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