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HELP!!!!!!! Mrs. Hudson invested $700 in an account that draws 3% interest, compounded annually. What is the total value of the account after 20 years.

HELP!!!!!!! Mrs. Hudson invested $700 in an account that draws 3% interest, compounded annually. What is the total value of the account after 20 years.
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HELP!!!!!!! Mrs. Hudson invested $700 in an account that draws 3% interest, compounded annually. What is the total value of the account after 20 years.

User Dannis Case
by
8.1k points

1 Answer

6 votes
I=$700
R=-3%
T=20 years

I•R•T=-420

700-420=$280

The account is a total of $280.
User ChanGan
by
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