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OpenStudy (anonymous):
What is the final balance for the investment? $1500 for 3 years at 10% compounded annually A. $1875.00 B. $1996.50 C. $2110.50 D. $1625.00
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OpenStudy (anonymous):
i got b
OpenStudy (mathstudent55):
F = P(1 + r)^t F = future value P = present value r = interest rate written as a decimal t = time in years
OpenStudy (mathstudent55):
Correct.
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