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6 August, 09:00

Find the amount accumulated after investing a principle P for T years at an interest rate compounded k times per year.

P = $3,350 r=6.2% t=8 k=1

(Hint: A=P (1+r/k) ^kt

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  1. 6 August, 09:09
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    A=3,350 * (1+0.062) ^ (8)

    A=5,420.52
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