datnicebeird13 datnicebeird13

21-02-2018
Mathematics

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How much interest is earned for the investment? $16,000 for 2 years at 5% compounded annually

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bambi4evr bambi4evr

21-02-2018

16000(1+(.05/1)^(2x1)
PEMDAS
16000(1.05)^2
16000x1.1025
17640

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