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$10,000 at 12% compounded yearly for 40 years

 Aug 1, 2014

Best Answer 

 #1
avatar+130383 
+8

Amount after 40 years is gien by:

 

10000×(1+0.12)40=930509.7044136369615161

Which is (rounded to the nearest cent)........  $ 930, 509. 70 

 

 Aug 1, 2014
 #1
avatar+130383 
+8
Best Answer

Amount after 40 years is gien by:

 

10000×(1+0.12)40=930509.7044136369615161

Which is (rounded to the nearest cent)........  $ 930, 509. 70 

 

CPhill Aug 1, 2014

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