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March 29, 2017

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sam invested $5000 in a GIC earning 8% compound interest per year, the interest gets added to the amount invested, so the next year sam gets the interest on the interest already earned , as well as on te original amoun, how much will sam's investment be worth at the end of 10 years

  • math - ,

    what is 5000(1.08)^10 ??

  • math - ,

    how did u get that formula?

  • math - ,

    Fftf

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