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Popular Word Problems >

you put \$939 into an investment at 8% for six years. what will the balance be at the end of six years?

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Solution

youput$939intoaninvestmentat8%forsixyears.whatwillthebalancebeattheendofsixyears?

Solution

Amount:1389.72
Solution steps
Translate the problem into an equation:A=939(1+0.08⋅6)
939(1+0.08⋅6)=1389.72
Amount:1389.72

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