SOLUTION: Find the compound amount for the deposit. $1,050.00 at 6.5% compounded annually for 17 years.

SOLUTION: Find the compound amount for the deposit. $1,050.00 at 6.5% compounded annually for 17 years.

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Question 889850: Find the compound amount for the deposit. $1,050.00 at 6.5% compounded annually for 17 years.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

The future value,

, of an initial deposit of

, at

percent interest, compounded

times per annum, for

years is given by:

Plug in your numbers and do the arithmetic.

John

My calculator said it, I believe it, that settles it

The Out Campaign: Scarlet Letter of Atheism

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