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13-06-2017
Mathematics

contestada

Suppose that
$8500
is placed in an account that pays
11%
interest compounded each year. Assume that no withdrawals are made from the account.

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13-06-2017

you can use the equation P(1+(n/t))^(n) to find the amount after time (t), given the starting amount(P) and the number of times compounded (n)

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