tany8aandaMiris tany8aandaMiris

02-06-2016
Mathematics

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How much would $500 invested at 7% interest compounded annually be worth after 4 years? Round your answer to the nearest cent.

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Aleckie28 Aleckie28

04-06-2016

answer is $651.96 after investing for 4 years

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I dont quite understand this question, it talk about interest rate