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08-04-2022
Mathematics

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A person invest $8800 in an account at 7% interest compounded annually. When will the value of the investment be 13,200? (Type an integer or decimal rounded two decimal places as needed)

Respuesta :

08-04-2022

Answer:

21.43

Step-by-step explanation:

Turn 7 percent to a decimal: 0.07

8800 × 0.07 = 616

13,200÷616=21.4285 etc

Round two decimal places

21.43

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