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Help please!!! i need to turn this in tomorrow

Help please!!! i need to turn this in tomorrow-example-1
User Andbi
by
8.2k points

1 Answer

7 votes

Answer:

$10955.6157151671

Explanation:

Amount [A] =
P(1+r)^(t)

Here, P = principal (which is $5000)

r = rate of interest in decimal form(which is 0.04)

t = time in years (which is 20)

Substituting,


$5000(1+0.04)^(20) = $10955.6157151671

User Max Cantor
by
8.7k points

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