Math Problem Statement
Use the compound interest formula to find the future value A for the following values. Upper P equals $ 2 comma 500P=$2,500 i equals 0.066i=0.066 n equals 25n=25 Question content area bottom Part 1 Upper A equals $A=$enter your response here (Round to the nearest cent.)
Solution
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Math Problem Analysis
Mathematical Concepts
Compound Interest
Exponential Growth
Formulas
A = P(1 + i)^n
Theorems
Compound Interest Theorem
Suitable Grade Level
Grades 9-12
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