Question 1199702
.
The expression represents the value of a $1500 investment that earns 12% interest per year, 
compounded annually for t years. What is the value of a $1500 investment after 15 years?
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<pre>
This expression is

    y = {{{1500*(1 + 0.12)^t}}} = {{{1500*1.12^t}}}.


To find the value of $1500 after 15 years, substitute t= 15 into the expression 
and use your calculator.
</pre>

Solved.


Happy calculations (!)


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&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compounded interest percentage problems</A> 

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/logarithm/Problems-on-discretely-compound-accounts.lesson>Problems on discretely compound accounts</A> 

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