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17-11-2020
Mathematics

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A $35,000 investment at 5.5% for 30 years. Find the future value.

Respuesta :

17-11-2020

Answer:

$174438.30

Step-by-step explanation:

35000 × 1.055^30

(original amount) × (decimal percentage)^(years)

35000 × 1.055^30 = 174438.2951

round it up to = $174438.30

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