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What total amount ($) must be invested over seven years at 5 % annual interest to give the same return as $ 2,500 invested at the beginning of the seven years? Assume that the investments will be split evenly over the seven years. FLOIF, 51, 7) $2500 (A)2,500 (B) 2,750 (C) 3,025 (D)3,250

What total amount ($) must be invested over seven years at 5 % annual interest to give the same return as $ 2,500 invested at the beginning of the seven years? Assume that the investments will be split evenly over the seven years. FLOIF, 51, 7) $2500 (A)2,500 (B) 2,750 (C) 3,025 (D)3,250

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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8. What total amount ($) must be invested over seven years at 5 % annual interest to give the same return as S 2,500 invested at the beginning of the seven years? Assume that the investments will be split evenly over the seven years. FLOIF, 57, 7) - $2500 (A) 2,500 (B) 2,750 (C) 3,025 (D)3,250
Transcribed Image Text:8. What total amount ($) must be invested over seven years at 5 % annual interest to give the same return as S 2,500 invested at the beginning of the seven years? Assume that the investments will be split evenly over the seven years. FLOIF, 57, 7) - $2500 (A) 2,500 (B) 2,750 (C) 3,025 (D)3,250
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