Asked by grace
$8000 principle earning 3% componded annually, 4 years. What will be the balance after 4 years?
Answers
Answered by
John
8000(1+.03)^4
Raise 1.03 to the 4th power and then multiply times $8000.
Raise 1.03 to the 4th power and then multiply times $8000.
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