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➷ We use this equation:
final = original x multiplier^n
n is the number of years
The multiplier would be 1.04
Substitute in the values:
final = 1500 x 1.04^1
final = 1560
3200 - 1500 = 1700
Add the two amounts together:
1700 + 1560 = 3260
He will have $3260
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➶ Hope This Helps You!
➶ Good Luck (:
➶ Have A Great Day ^-^
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