Asked by Tiffany
Find the future value of $700 deposited at 3% for 9 years if the account pays simple interest and the account pays compounded annually?
The future value of an account that pays simple interest is what?
The future value of an account that pays simple interest is what?
Answers
Answered by
Steve
F = P(1+rt)
where t is years and r is rate
where t is years and r is rate
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