quaterlinkin quaterlinkin

11-09-2020
Mathematics

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An investment of $7,500 increases at a rate of 10.5% per year. Find the value of the investment after 5 years.

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karsenmitchell karsenmitchell

11-09-2020

10.5%= 1.105
7,500•1.105=8287.5
8287.5•5=41437.5

Answer= $41,437.5

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