krxstxne85 krxstxne85

23-02-2021
Mathematics

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$26,000 is invested at 8% p.a. If interest is compounded annually, find the balance after 35 years.

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bugscochran bugscochran

23-02-2021

Answer:

At the end of 35 years, your savings will have grown to $384,418.

You will have earned in $358,418 in interest.

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