a principal is $3100 is invested at 8.25 % interest, compounded annually. how much will the investment be worth after 14 years

asked Feb 1, 2021 216k views

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4 votes

The equation is y=a(1+r)^t

A is the principal
R is the rate
T is time
Y is the total

Y=3100(1+0.0825)^14

Y =9404.86

Invis answered Feb 5, 2021

by Invis

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