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16 February, 15:52

A principal of $2300 is invested at 6.5% interest, compounded annually. How much will the investment be worth after 10 years?

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  1. 16 February, 16:36
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    2300*.065 = 149.5

    149.5*10 = 1495

    2300 + 1495 = $3795
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