SOLUTION: suppose you sell your coconut collection for $300 and invest it with 3% annual interest calculate the amount you would have after 20 years if it is compounded annually

SOLUTION: suppose you sell your coconut collection for $300 and invest it with 3% annual interest calculate the amount you would have after 20 years if it is compounded annually

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Question 695978:
suppose you sell your coconut collection for $300 and invest it with 3% annual interest calculate the amount you would have after 20 years if it is compounded annually

Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
300(1+.03)^20=300(1.03)^20=300*1.806=$541.83 ANS.
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