ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An investment of $1425 earns 6.75% and compounds annually. What is the total amount after 8 years?
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2403.02
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1238.26
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4583.24
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2474.02
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Explanation:
Detailed explanation-1: -The total amount after 8 years is $2, 403.02.
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