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11 October, 18:07

You deposited $2000 in an account earning 3% in interest compounded monthly. A) How much will you have in the account in 25 years? B) How much interest will you earn?

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  1. 11 October, 18:10
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    c=p (r/100+1) n

    c=2000 (3/100+1) 25

    a) $4187.56

    b) $4187.56-2000=2187.56
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