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Luis2737
16.07.2019 •
Mathematics
Aperson invests $4000 at 2% interest compounded annually for 4 years and then invests the balance (the $4000 plus the interest earned) in an account at 8% interest for 7 years. find the value of the investment after 11 years. (hint: you need to break this up into two steps/calculations. be sure to round your balance at the end of the first 4 years to the nearest penny so you can use it in the second set of calculations.)
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Ответ:
then she turns around and grabs those 4329.73 and put them in an account getting 8% APR I assume, so is annual compounding, for 7 years.
add both amounts, and that's her investment for the 11 years.
Ответ:
3
Step-by-step explanation:
3