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