titodorito1 titodorito1

01-05-2020
Mathematics

contestada

You deposit $1295 dollars in a mutual fund that provides an average return of 8.4% interest compounded annually.
Find your account balance after 7 years.

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Аноним Аноним

01-05-2020

Answer:

761.46

Step-by-step explanation:

multiply 8.4% and 1295 which would equal 108.78...

then multiply it with 7 which would equal 761.46

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