Calculate the unknown variable round to the nearest cent, if necessary

Uliana Pavelko asked May 19, 2023

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Uliana Pavelko asked May 19, 2023

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8 votes

Solution

We will

$\begin{gathered} A=550*((1+(0.095)/(12))^(420)-1)/((0.095)/(12)) \\ \\ A=1836704.625 \end{gathered}$

Jay Lee answered May 26, 2023

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