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4 August, 20:41

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

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  1. 4 August, 20:55
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    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
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