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Design a spreadsheet to compute the dollar amount in each of the next 10 years of an initial investment returning a constant annual interest rate. Interest is reinvested each year so that the amount returning interest grows. What is the dollar amount 8 years from now of $500 invested at 7% annual interest? Please round your answer to the nearest cent.
Answers: 3
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Design a spreadsheet to compute the dollar amount in each of the next 10 years of an initial investm...
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