NEED HELPPPPP An investor puts $200 in an account that pays 7% interest, compounded annually. Find the amount in the account after 3 years.

asked Apr 16, 2021 105k views

2 votes

NEED HELPPPPP

An investor puts $200 in an account that pays 7% interest, compounded annually. Find the amount in the account after 3 years.

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5 votes

Answer: $246.73

Explanation:

P=200

R=0.07

T=3

A= 200e 0.07 (3)

=246.73

Douglas Meyer answered Apr 21, 2021

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