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19 February, 13:56

A 6,000.00 principal earns 8% compounded annually after 4 years what is the balance

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  1. 19 February, 17:21
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    A=p (1+r) ^t

    A future value

    P present value 6000

    R interest rate 0.08

    T time 4

    A=6,000 * (1+0.08) ^ (4)

    A=8,162.93
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