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$2900 at 13% for 30 years. i need simple interest and compounding interest

Sagot :

Madethisfortwitch1idn

Answer:

Step-by-step explanation:

simple:

2900(1+.13*30)=14210

Compounding

[tex]2900(1+.13)^{30}=113436.1041[/tex]

Answer:

113436.1041

Step-by-step explanation:

2900 ( 1 +0.13 ) ^ 30

Formula : amount ( 1 + percentage ) ^ years

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