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How much will the investment be worth when it matures

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Reference no: EM132870453

Question - The interest rate for an investment under $5000 is 6.75%, compounded monthly.

If $2500 is invested for 2 years, how much will the investment be worth when it matures?

What is the difference between the formula P=A(1+i)^-n and the formula used in question 6, part a)?

Reference no: EM132870453

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