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Finance 19 Online
deathsindragon:

thurston deposited $8400 into a savings account that earns 2.5% simple interest each year calculated annually. what is the future value of thurstons account after 14 years? A. $2940 B. $19, 740 C. $8610 D.$11,340

jhonyy9:

so like a first step calcule the 2,5% of $8400

deathsindragon:

210

deathsindragon:

or 336000

deathsindragon:

is of multiply or divide, i forgot, lol

jhonyy9:

use the rule of 3 simple and write $8400 mean 100% x mean 2,5% and now cross multiplie ,calcule the x value x = 8400*2,5/100 = ?

deathsindragon:

nvm i got it

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