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Use the formula to solve the problems. B × In The amount that results when $6,000 is compounded at 7% annually over eight years...Asked by C
Use the formula to solve the problems.
B * In
The amount that results when $3,000 is compounded at 7% annually over eight years.
$
a0
The interest earned in this case.
B * In
The amount that results when $3,000 is compounded at 7% annually over eight years.
$
a0
The interest earned in this case.
Answers
Answered by
Scott
3000 + i = 3000 (1 + .07)⁸