1) Lucy invests $6500 at 3.2% p.a. interest compounded annually. Find the value of her investment after 8 years.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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Lucy invests $6500 at 3.2% p.a. interest compounded annually. Find the
vatue of her investment after 8 years.
Transcribed Image Text:1) Lucy invests $6500 at 3.2% p.a. interest compounded annually. Find the vatue of her investment after 8 years.
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