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OpenStudy (anonymous):
given this formula: F(12) = 50,000 + 1 + 4.25(12), what would be the return. 50,000 is the investment,4.25% interest 1 compound annually, for 12 years
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OpenStudy (anonymous):
It would be exactly what you wrote there. 50,000 + 1 + 4.25(12) Which is equal to 50,052.
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