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3 votes
3 votes
Baljeet invested $5500 at a simple annual rate of 4.8% for 6 years. What is the total future value of the investment?

State your answer in terms of dollars rounded to the nearest cent, but do not include a $ sign or the word "dollars" with your response.

User Ryvantage
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1 Answer

18 votes
18 votes

Answer:


a = p(1 + in) \\ = 5500(1 + 0.048 * 6) \\ = 7084

User Margusl
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