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22 August, 05:33

A principal of $1800 is invested at 4% intrest, compounded annually. How much will the investment be worth after 8 years?

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  1. 22 August, 05:53
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    So the equation would be 4/100 of 1800 every year = (4/100x1800) x8 years = 72x8 years = $576. Best of luck!
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