business math

What would be the compound amount after 19 years an investment of 42,000 with an 11% interest rate compounded annually?

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  1. P = Po*(1+r)^n

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

    n = 1Comp/yr * 19yrs = 19 Compounding
    periods.

    Plug the above values into the given Eq

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    posted by Henry

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