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OpenStudy (anonymous):
How much would $200 invested at 6% interest compounded annually be worth after 5 years? Round your answer to the nearest cent. Do not include units in your answer.
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OpenStudy (anonymous):
Total = P(1+r)^n P = principal = $200 r = annual interest rate = 0.06 n = number of years = 5 Total = 200(1+0.06)^5 Plug all the numbers in and calculate it with a calculator.
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