Mathematics, 03.03.2021 02:50 Hrjohnson2004

Use the compound interest formula to determine the accumulated balance after the stated period. $8000 invested at an APR of 5% for 6 years.
If interest is compounded annually, what is the amount of money after 6 years?

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Use the compound interest formula to determine the accumulated balance after the stated period. $8000 invested at an APR of 5% for 6 years. If interest is compounded annually, what is the amount of money after 6 years?

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Another question on Mathematics

Use the compound interest formula to determine the accumulated balance after the stated period. $8000 invested at an APR of 5% for 6 years.
If interest is compounded annually, what is the amount of money after 6 years?