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realthug
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John invests $10,000 for two years at 10% compounded annually. How much will John have after the two years?@britbrat4290
 11 months ago
 11 months ago
realthug Group Title
John invests $10,000 for two years at 10% compounded annually. How much will John have after the two years?@britbrat4290
 11 months ago
 11 months ago

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britbrat4290 Group TitleBest ResponseYou've already chosen the best response.1
A = 10,000 (1 + 0.1) ^ 2 $12,100
 11 months ago

Hero Group TitleBest ResponseYou've already chosen the best response.0
The formula for annual compounding is: \[A = P(1 + r)^t\] A=Account Balance P=Principal r=rate (decimal form) t=time (in years)
 11 months ago

realthug Group TitleBest ResponseYou've already chosen the best response.0
thanks @britbrat4290
 11 months ago

britbrat4290 Group TitleBest ResponseYou've already chosen the best response.1
no prob :)
 11 months ago
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