karinapenn5046 karinapenn5046
  • 15-12-2022
  • Business
contestada

what is the future value of $5,300 deposited today and kept in an account for 30 years earning 11% per year?

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browlierhenry521
browlierhenry521 browlierhenry521
  • 15-12-2022

Answer:

you multiply 5300 by 111 and divide by 100 . the answer is 5883.Subtract 5300 from it and multiply by 30.Add it to 5300.

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