Business Math

Marcus invests $8,000, at 8% interest, compounded annually for 15 years. Calculate the compound interest for his investment.

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  1. Just add 8% every year.

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    Leo
  2. just as a hint, adding 8% every year means multiplying by 1.08 for each year, not adding 8% of the original 8000.

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    oobleck

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