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How much would carol have to invest today at 6.5% compounded annually to have 4700 for a vacation to China in 2 years

How much would carol have to invest today at 6.5% compounded annually to have 4700 for a vacation to China in 2 years
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4 votes
How much would carol have to invest today at 6.5% compounded annually to have 4700 for a vacation to China in 2 years

User Dylan Corriveau
by
7.5k points

1 Answer

2 votes

Answer:

376

Explanation:

4700=p(6.5)(2)

4700=p12.5

4700÷12.5=376

p=376

User Creak
by
9.0k points
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