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What will be the value of Stacy’s investment in 5 years?

What will be the value of Stacy’s investment in 5 years?-example-1
User Tiernan
by
7.7k points

2 Answers

4 votes

Answer:

19%=.19 31.100 times .19=5.909 she would be 59 years old

Explanation:

User Ezzadeen
by
9.0k points
4 votes

Given:


P=\text{ \$31,100 ; }r=19\text{ \% ; }t=5\text{ ; n=2}
A=P(1+(r)/(n))^(nt)
A=31100(1+(0.19)/(2))^(2*5)
A=31100((2.19)/(2))^(10)
A=31100(1.095)^(10)
A=31100(2.4782)
A=77072.02
A=\text{ \$77072.02}

The value of Stacy's investment after 5 years is 7707202 cent.

User Xbelanch
by
7.9k points
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