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Jose now has $500. how much would he have after 6 years if he leaves it invested at 5.5% with annual compounding?
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1 vote
Jose now has $500. how much would he have after 6 years if he leaves it invested at 5.5% with annual compounding?

User Randal Schwartz
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1 Answer

4 votes
Amount after 6 years = 500(1 + 0.055)^6 = $689.42  Answer
User Sean Coyne
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