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OpenStudy (anonymous):
A principal of $2600 is invested at 4.25% interest, compound annually. How much will the investment be worth after 10 years?
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OpenStudy (anonymous):
=2600 x (1.0425)^10
OpenStudy (anonymous):
how did you get 1.0425?
OpenStudy (anonymous):
1+.0425=1.0425 here 4.25% is the interest rate so 4.25/100=.0425
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