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14 May, 05:45

Substitute the values to calculate the compound interest.

Principal: $90,000.00

time: 10 years

rate: 6%

number of compounding periods per year: 12

What is the total amount accrued? (principal and interest)

Round the answer to the nearest cent.

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Answers (1)
  1. 14 May, 07:19
    0
    163,746

    Step-by-step explanation:

    T = 90,000 (1+0.06) ∧120/12
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