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A principal of $4600 is invested at 8.75% interest, compounded annually. How much will the investment be worth after 13 years?

A principal of $4600 is invested at 8.75% interest, compounded annually. How much will the investment be worth after 13 years?
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A principal of $4600 is invested at 8.75% interest, compounded annually. How much will the investment be worth after 13 years?

User Lakshan
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1 Answer

5 votes
4600x1.0875^13 = 13687.95
User Jamone
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8.3k points
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