SOLUTION: $800 principal earning 7%, compounded annually, after 4 years

SOLUTION: $800 principal earning 7%, compounded annually, after 4 years

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Question 647777: $800 principal earning 7%, compounded annually, after 4 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=P(1+r)^n
A=800(1+0.07)^4
A=800(1.311)
A=$1048.63
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