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2 years ago

7

Use the given information to find amount A in the account earning compound interest after six years when the principal is 3,500

. R= 2.29%, compounded monthly

1 answer:

stealth61 [152]2 years ago

4 0

A=p(1+i/m)^mn
A=3,500×(1+0.0229÷12)^(12×6)
A=4,014.98

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