zackiy zackiy
  • 27-10-2016
  • Mathematics
contestada

Find the amount in an account if $125,000 is invested at 1.08% compounded annually, for 12 years.

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jujuonthatfeet
jujuonthatfeet jujuonthatfeet
  • 27-10-2016
$120,000 is the answer   125000*1.08=135,000   135000-125000=10,000   
10,000*12=120,000
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