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Find the future value and interest earned if ​8806.54 is invested for 9 years at 5​% compounded

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解答

Findthefuturevalueandinterestearnedif​8806.54isinvestedfor9yearsat5​%compounded

解答

Interest:4855.29
求解步骤
Translate the problem into an equation:13661.83=8806.54+I
求解 I,13661.83=8806.54+I:I=4855.29
Interest:4855.29

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