# Math

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What is the future value of \$800 invested for 14 years at 11 percent compounded annually

• Math -

P = Po(1+r)^n.

r = 11%//100% = 0.11 = Annual % rate expressed as a decimal.

n = 1comp./yr. * 14yrs.=14Compounding
periods.

Plug the above values into the given Eq and solve for P.

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