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OpenStudy (anonymous):
What is the final balance for the investment? $2500 for 3 years at 6% compounded annually A. $3211.46 B. $2977.54 C. $2950.00 D. $2650.00
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OpenStudy (anonymous):
@laibashahlakhan
OpenStudy (anonymous):
Well.. I'm bad at this money questions.. @John_ES can you please help?
OpenStudy (anonymous):
Substitute in this... you'll get it :D
OpenStudy (john_es):
sriramkumar has given the right equation, \[25000\cdot\left(1+\frac{6}{100}\right)^3=2977.54\]
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