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Use the compound interest formula to determine the final value of the given amount. ​$150 at 3​% compounded daily for 16 years. The final value is $ ?

Use the compound interest formula to determine the final value of the given amount. ​$150 at 3​% compounded daily for 16 years. The final value is $ ?
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1 vote
Use the compound interest formula to determine the final value of the given amount.

​$150 at 3​% compounded daily for 16 years.

The final value is $ ?

User Honza
by
7.8k points

1 Answer

3 votes

Answer:

342.22$

Explanation:

User Lillieth
by
8.5k points
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