<PRE><B>Question 1156966</B>

Formula for Amount when calculating Compound Interest

A=P(1+(r/100)^tn

an initial investement of $1700
at 2.75% annual interest,
compounded 1 times per year,
after 7 year(s).

A = 1700*(1+0.0275)^7

=2055.50

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