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An invesment of 75,000 increases at a rate of 12.5% per year. Find the value of the investment after 30 years.

 Mar 15, 2015

Best Answer 

 #2
avatar+130514 
+5

The accumulated amount after 30 years is given by.....

A = 75000(1+ .125)^30  =  $ 2,568,247.87

 

  

 Mar 15, 2015
 #1
avatar+118723 
+5

You need to use the compound interest formula.

do you know if?

Why are you having problems?

 Mar 15, 2015
 #2
avatar+130514 
+5
Best Answer

The accumulated amount after 30 years is given by.....

A = 75000(1+ .125)^30  =  $ 2,568,247.87

 

  

CPhill Mar 15, 2015

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