noracastro53 noracastro53

23-01-2021
Mathematics

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A 1000 investment earns interest at 2.9% per year, compounded daily over 7 years. Use the compound interest formula to calculate the value of this investment. Write your answer correct to the nearest cent.

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23-01-2021

Answer:

1,000 = 2.9^7

Step-by-step explanation:

total = percent (interest) ^ time

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