Ask your own question, for FREE!
Mathematics 13 Online
OpenStudy (anonymous):

suppose that $50000 is invested at 8% interest. Find the amount of money in the account after 7 years if the interest is compounded annually?

OpenStudy (anonymous):

\[50000\times (1.08)^7\]

OpenStudy (anonymous):

i get $8569.12

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!