Knelson5357 Knelson5357

22-01-2019
Mathematics

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A principal of $1500 is invested at 6.25% interest, compounded annually. How much will the investment be worth after 5 years?

round your answer to the nearest dollar

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22-01-2019

Answer:

$46,875

Step-by-step explanation:

because Principle* Interest * rate so 1500*6.25*5= 46875

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