SOLUTION: Find the balance after $12000 was invested for 3 years at 30% compounding annually?
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Question 834958: Find the balance after $12000 was invested for 3 years at 30% compounding annually?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
formula is:
f = 12000 * 1.3 ^ 3
solve this formula and you get:
f = 26364
that's the value of the investment after 3 years.
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