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Use the Compound Interest Formula to Compute the Future Value

question 84

Multiple Choice

Use the compound interest formula to compute the future value of the investment.
-$800 at 6.3% compounded semiannually for 12 years


Definitions:

Kinetic Energy

Motion energy or energy that can do work.

Potential Energy

Energy in a chemical bond that is not being exerted or used to do work.

Electrons

Subatomic particles with a negative charge, orbiting the nucleus of an atom and involved in chemical reactions and conductivity.

Ions

Particles that carry a net electric charge as a result of either losing or acquiring one or more electrons.

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