Respuesta :

mhanifa

Answer:

  • 1772.43

Step-by-step explanation:

Given:

  • Principal P = 1237.50
  • Interest rate r = 6.75% or 0.0675
  • Number of compounds n = 1
  • Time t = 5.5 years

Find the total:

  • [tex]A = P(1 + r/n)^{nt}[/tex]
  • [tex]A = 1237.5*(1+0.0675)^{5.5} = 1772.43[/tex]

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