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Populaire Word Problems >

Find the future value and interest earned if 8804.56 is invested for 9 years at 6% compounded semiannually.

Solution

F in d t h e f u t u re v a l u e an d in t eres t e a r n e d i f ​8804.56 i s in v es t e d f or 9 ye a rs a t 6​% co m p o u n d e d se miann u a ll y .

Solution

Interest : 6184.61

étapes des solutions

Translate the problem into an equation:

14989.17 = 8804.56 + I

Solutionner pour

I, 14989.17 = 8804.56 + I : I = 6184.61

Interest : 6184.61

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