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13 February, 15:33

How much would $125 at 8% interest compounded annually be worth after 14 years

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  1. 13 February, 15:51
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    FV = 125 * (1 + 0.08) ^16 = $428.24

    0.08*16 = 1.28

    a (16) = 125*e^1.28 = 125*2.718281828^1.28 = 449.58
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