Use the compound interest formula to determine the final value of the given The final value is S (Round to the nearest cent as needed.) amount. $400 at 7% compounded annually for 8 years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Question
What would the final value be?
The final value is $
(Round to the nearest cent as needed.)
Use the compound interest formula to determine the final value of the given
amount.
$400 at 7% compounded annually for 8 years
Enter your answer in the answer box.
sponse. Sha
ur response
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Transcribed Image Text:The final value is $ (Round to the nearest cent as needed.) Use the compound interest formula to determine the final value of the given amount. $400 at 7% compounded annually for 8 years Enter your answer in the answer box. sponse. Sha ur response MacBook Pro esc 80 888 DII F1 F2 F3 F4 F5 F6 F7 @ 2# $ % & * 一 2 3 4 7 8 Q W E Y U tab A S D F G H J ps lock < cO
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