SOLUTION: Find the compound amount for the deposit. $1,050.00 at 6.5% compounded annually for 17 years.

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Question 889850: Find the compound amount for the deposit. $1,050.00 at 6.5% compounded annually for 17 years.
Answer by solver91311(24713) About Me  (Show Source):
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The future value, , of an initial deposit of , at percent interest, compounded times per annum, for years is given by:



Plug in your numbers and do the arithmetic.

John

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