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An investor deposits $7000 at 16% for 2 years. if there are no witthdrawls or further deposits, find the to? |
an investor deposits $7000 at 16% for 2 years. if there are no witthdrawls or further deposits, find the total amount in the account after 2 years? 7000 x 1.16 x 1.16 = 9419 $9,419.20 with an annuual percentage rate of 16% it would be $9419.20 |
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