6.3a
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Last updated over 5 years ago
2 questions
1
Ruppert invests $5000 in a savings acount that pays 3.7% interest compounded monthly. What will be the value of his investment after 10 years?
Ruppert invests $5000 in a savings acount that pays 3.7% interest compounded monthly. What will be the value of his investment after 10 years?
1
Fran invests in an account that pays 4.1% interest compounded quarterly. How much did she initially invest, if her account is worth $1356.75 after 7 years?
Fran invests in an account that pays 4.1% interest compounded quarterly. How much did she initially invest, if her account is worth $1356.75 after 7 years?