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10 April, 08:13

Suppose your friends parents invest $10,000 in an account paying 7% compounded annually. what will the balance be after 8 years?

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Answers (2)
  1. 10 April, 09:48
    0
    7,000

    Step-by-step explanation:

    10,000 x. 7 = 7,000
  2. 10 April, 10:03
    0
    17,181.86

    Step-by-step explanation:

    Just keep multiplying each answer by 1.07 till you reach 8 years.
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