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OpenStudy (anonymous):
Your answer is incorrect. A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment be worth after 5 years? Use the calculator provided and round your answer to the nearest dollar.
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OpenStudy (anwaarullah):
use same formula to find P
OpenStudy (mathstudent55):
\(F = P(1 + r)^{t} \) F = future value P = principal r = annual interest rate t = time, number of years
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