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You put $205 into an investment at 7% compounded annually for eight years. What will the balance be at the end of eight years?

You put $205 into an investment at 7% compounded annually for eight years. What will the balance be at the end of eight years?
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You put $205 into an investment at 7% compounded annually for eight years. What will the balance be at the end of eight years?

User Herbert
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1 Answer

4 votes

Answer:

If there is no additional contribution during these 8 years your balance will be $352.23

Explanation:

You put $205 into an investment at 7% compounded annually for eight years. What will-example-1
User Baso
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