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An investor puts ​$800 in an account that pays 22​% interest compounded annually. Find the account balance after 6 years

 Apr 16, 2020
 #1
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N=6; R=0.22;PV=800; FV=PV*(1 + R)^N; print"FV =$",FV

 

FV =$ 2637.84

 Apr 16, 2020
 #2
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800(1+  22/100)^6

 Apr 16, 2020

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