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A principal of $1600 is invested at 5.5% interest, compounded annually. How much will the investment be worth after 9 years? round your answer to the nearest dollar.
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A principal of $1600 is invested at 5.5% interest, compounded annually. How much will the investment be worth after 9 years?

round your answer to the nearest dollar.

User Remy Wang
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1 Answer

5 votes
Sorry about my handwriting, also in my country we use commas as decimal points, substitute it with a point if you use that.
A principal of $1600 is invested at 5.5% interest, compounded annually. How much will-example-1
User Reef
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