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hw invesement w/ compound interest Q#1
Show all work for full credit! Problem 1: Find the amount accumulated if $1575 is invested for 15 years at a rate of 4.25% co
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Answer #1

Here, P = $1575 ; sists; t = 15 years ; R = 4.25% = 4.25 t = 15 years , R = 100 =0.0425 .. Applying formula, amount Amount =

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