If $3,000 is compounded annually at 6.5% for 13 years, what is the future value?
Added by Eric P.
Step 1
In this case, A = the amount of money accumulated after n years, including interest. P = principal amount (the initial amount of money) r = annual interest rate (in decimal) n = number of times that interest is compounded per year t = time the money is Show more…
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