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OpenStudy (anonymous):
What is the final balance for the investment? $20,000 for 3 years at 5% compounded annually? plz help!! fast!
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OpenStudy (cwrw238):
the formula is: A = P( 1 + 0,05)^3 where A = required amount , P = starting amount, the 0.05 is because its 5% interest and the 3 is the 3 years.
OpenStudy (anonymous):
thx
OpenStudy (cwrw238):
yw
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