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15 June, 22:20

P (1+r) ^n

$750 at 7% for 9 years compounded annually

Total amount=

Interest amount=

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Answers (1)
  1. 15 June, 22:27
    0
    A = 750 (1+0.07) ^9

    A = $1378

    $1378 - $750 = $628

    total amount = $1378

    interest amount = $628
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