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How much would 400 invested at 5 intrest compounded annually be worth after 6 years?
Updated: 11/1/2022
VeyelessjackXogp1046
Lvl 1
∙ 7y agoBest Answer
5% compound interest means that the capital increases by a factor of 1.05 (that is, 1 + 5/100) every year. So, simply multiply the original capital by this factor, 6 times.
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∙ 7y agoThis answer is:
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∙ 7y ago536.04
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