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12 July, 21:19

If 9100 dollars is invested at an interest rate of 8 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.

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  1. 12 July, 21:24
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    Step-by-step explanation:

    $9100x (1+8%) * 5-9100

    =$4270.885

    =$4271 (cor. to the nearest integer)

    The interest is $4271 while the amount is 13371
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