SOLUTION: How much would $120 invested at 6% interest compounded annually be worth after 21 years? Round your answer to the nearest cent. Do not include units in your answer.
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-> SOLUTION: How much would $120 invested at 6% interest compounded annually be worth after 21 years? Round your answer to the nearest cent. Do not include units in your answer.
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Question 204835: How much would $120 invested at 6% interest compounded annually be worth after 21 years? Round your answer to the nearest cent. Do not include units in your answer.
You can put this solution on YOUR website! How much would $120 invested at 6% interest compounded annually be worth after 21 years? Round your answer to the nearest cent. Do not include units in your answer.
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FV = $120*(1 + 0.06)^21
FV = $120*3.335636
FV = $407.95
