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Math Help - applications (algebra)

  1. #1
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    applications (algebra)

    which investment will produce more money: $500 invested at 8% compound annually for three years or $600 invested at 7% compound annually for three years? how much more money?

    answer with this formula A=P(1+r)n
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  2. #2
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    A_1=500(1+.08)^3= \dots

    A_2=600(1+.07)^3= \dots
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