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Pls help I’ll give 23 points
Batatop
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Jan 28, 2022
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Pls help I’ll give 23 points
Mathematics
high-school
Batatop
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1
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Answer:
$2594.07
Explanation:
Principal P = $2250
Interest rate r = 2.4% = 0.024 PA compounded
Compound number n = 1 (once per year)
Time t = 6 years
Future amount formula:
F = P(1 + r/n)^(nt)
Substitute given values:
F = 2250(1 + 0.024)^6 = 2594.07
Derek Kurth
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Feb 2, 2022
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Derek Kurth
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