19aoldham 19aoldham
  • 07-05-2018
  • Mathematics
contestada

2,400 principal earning 2%, compounded annually, after 7 years. Find the balance in the account

Respuesta :

TheBusinessMan
TheBusinessMan TheBusinessMan
  • 08-05-2018
A = P (1 + r/n) ^nt
P = 2400
r = .02
n = 1
t = 7

Answer: $2756.86
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