hdodneiej hdodneiej
  • 23-04-2021
  • Mathematics
contestada

An initial investment is $6100.
It grows at a rate of 3% a year.
Interest is compounded yearly.
What is the value after 16 years? (nearest penny)

Respuesta :

biasattikelsey biasattikelsey
  • 23-04-2021
32,533.3>
Because 6100x16=97,600divided by 3=32,533.3
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