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Mathematics, 30.07.2019 19:20 blasius5897
Compound interest application
compound interest is given by the formula a = p ( 1 + r ) t . where a is the balance of the account after t years, and p is the starting principal invested at an annual percentage rate of r , expressed as a decimal.
wyatt is investing money into a savings account that pays 2% interest compounded annually, and plans to leave it there for 15 years. determine what wyatt needs to deposit now in order to have a balance of $40,000 in his savings account after 15 years.
wyatt will have to invest $ now in order to have a balance of $40,000 in his savings account after 15 years. round your answer up to the nearest dollar.
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Compound interest application
compound interest is given by the formula a = p ( 1 + r ) t . wh...
compound interest is given by the formula a = p ( 1 + r ) t . wh...
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