Respuesta :

The compound interest formula is:

[tex]A=P(1+\frac{r}{m})^{mt}\begin{cases}A=amount \\ P=initialValue \\ r=interest \\ m=\#timesCompounedPerYear \\ t=years\end{cases}[/tex]

Therefore:

[tex]A=(10000)(1+\frac{0.11}{1})^{20}=80623.12[/tex]

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