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$15000 is invested at 6% p.a. If interest is compounded annually, find the balance after 33 years.

 Mar 26, 2015

Best Answer 

 #1
avatar+128460 
+5

The amount is given by

15000(1.06)^33   .....I let you plug this into the calculator to get the answer.....

 

  

 Mar 26, 2015
 #1
avatar+128460 
+5
Best Answer

The amount is given by

15000(1.06)^33   .....I let you plug this into the calculator to get the answer.....

 

  

CPhill Mar 26, 2015

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