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An investment of $7,500 increases at a rate of 10.5% per year. Find the value of the investment after 5 years.​

An investment of $7,500 increases at a rate of 10.5% per year. Find the value of the investment after 5 years.​
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An investment of $7,500 increases at a rate of 10.5% per year. Find the value of the investment after 5 years.​

User RankWeis
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1 Answer

3 votes
10.5%= 1.105
7,500•1.105=8287.5
8287.5•5=41437.5

Answer= $41,437.5
User Trollliar
by
8.2k points
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