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Please be correct !!!!!!!!!!!!!!!!!xx
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3 votes
Please be correct !!!!!!!!!!!!!!!!!xx

Please be correct !!!!!!!!!!!!!!!!!xx-example-1
User Leohxj
by
7.0k points

2 Answers

3 votes
No information's given for the time frame of interest rate application.. So I'm just going to assume it's a compound annual interest rate and not monthly..

A = 500(1.0575)^25
A = 2022.92
User Prakash Rajotiya
by
6.2k points
3 votes
$2,022.92 would be the answer

User Dpst
by
6.8k points
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