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Mathematics
19 August, 09:29
1000 at 6% interest for 3 years
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Reese Proctor
19 August, 09:42
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Let's say that I have $1000.00 to invest for 3 years at rate of 6% compound interest.
M = 1000 (1 + 0.06) ^3 = $1191.16.
My $1000.00, after 3 years, is worth $1191.16.
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Dania Alvarado
19 August, 09:44
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1,191.016
Step-by-step explanation:
6% in decimal form is 0.06. So for every additional year take the total times 1.06 to get the total.
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