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The expression 1500(1.13)^t represents the value of a $1500 investment that earns 13% interest per year, compounded annually for t years. What is the value of a $1500 investment at the end of 2 years?


 

 

 

The value of the investment at the end of 2 years is $=

 Dec 14, 2020
 #1
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Just put   2   in there where 't' is and compute....

 Dec 14, 2020
 #2
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1500  ( 1.13)^t      t   =  2     ....so....

 

1500 ( 1.13)^2   =  

 

1500 (1.2769)   =

 

$1915.35  after 2 years

 

cool cool cool

 Dec 14, 2020

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