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Math

Answered

Leony invested 25,000.00 at 16% simple interest for 6 years.What is the future value of the investment at the end of 6 years?

Sagot :

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Answer:

49,000

Step-by-step explanation:

25,000 × (.16 × 6)

25,000 × .96

24,000 = interest for 6 years

25,000 + 24,000

49,000 = future value

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