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Use the compound interest formula to compute the total amount accumulated . $1060 for 5 years at 7% compounded annually
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Use the compound interest formula to compute the total amount accumulated .

$1060 for 5 years at 7% compounded annually

User Dfrib
by
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1 Answer

2 votes

Answer:

1486.7

Explanation:

1060*(1+0.07)^5 = 1486.705

User Stephen Vinouze
by
6.2k points
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