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 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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