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12 April, 16:39

Jerry deposited $20,000 on an investment that will give $1,750 for every year that his money stays in the account. how much money will he have in his account by the end of year 8

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  1. 12 April, 17:06
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    the interest rate is 8.75%

    Amount=20000 (1+8.75%/100) into power of time 8

    =39125.88
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