SOLUTION: $2,400 principal earning 2%, compounded annually, after 7 years

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Question 212811: $2,400 principal earning 2%, compounded annually, after 7 years
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
2,400(1+.02)^7
2,400(1.02)^7
2,400*1.1487=$2,756.85 ANS.