SOLUTION: if you invest 10,000 @ the rate 2% for 8years, how much will you get @ the end of the eight years,

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Question 550168: if you invest 10,000 @ the rate 2% for 8years, how much will you get @ the end of the eight years,
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
if you invest 10,000 @ the rate 2% for 8years, how much will you get @ the end of the eight years,
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If compounded yearly you get:
A(8) = 10,000(1.02)^8
= 10,000*1.1717
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= 11,717
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Cheers,
Stan H.
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