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$38 000 is invested at 8%p.a. If instrest is compounded annually, find the balence after 39 years.?

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  1. $764381


  2. present value = 38,000

    interest (i) = 8.00%

    term (n) = 39

    future value = 764,381.31

    regards

    Adrian

  3. i hope this is right but im pretty sure its a $118,560 increase making his balance $156,560 soz if its wrong tho
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