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Q: What is Principal of 4100 is invested 3.75 interest compounded annually. How much will the investment be worth after 6 years Use the calculator provided and round your answer to the nearest dollar.?

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twoo '

It might just be 10%.

(2)1/21 = 1.03356 (rounded)That's an annual interest of 3.356 percent.Let's try it:(1.03356)21 = 2.00009 on my calculator, which is pretty close.

Total value = 20000*(1.06)2 = 22472 So interest = 2472

500 invested for 5 years at 7% interest compounded annually becomes 701.28

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Answer: 9.1% At 8.5% principal grows by (1+(.085/12))^12 = 1.0884 times in one year which is less than investing at 9.1%.

"Compounded annually" means that the interest is added once a year.

Twice

twoo '

Once.

It might just be 10%.

It is 52936.72

Assuming that 1.5 refers to 1.5% and that the interest is compounded annually, the principal is 893.30

8.0432 years (rounded) if compounded annually.

1 for me Ap#x

Interest = 2472

A fixed percent of the principal of a loan or investment is called a fixed interest. It is paid monthly or annually or whatever based on the agreement made.

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