The amount of money an engineer receives from a bank if he invests $50,000 for 7 years at 11.5% per annum compound interest.

Biaobiaoqi asked Jul 28, 2023

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4 votes

Biaobiaoqi asked Jul 28, 2023

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20 votes

Answer:

$107125.80

working out:

50000x1.115^7=107125.8 (rounded)

Greenbandit answered Aug 3, 2023

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