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21 May, 04:57

An initial amount of $800 is invested in a compound savings account with an annual interest rate of 4.5%. Using the formula A+P (1+r) ^t what is the balance after five years?

$836.00

$873.62

$980.00

$996.95

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Answers (1)
  1. 21 May, 05:23
    0
    800 * (1+0.045) ^ (5)

    =996.95

    ...
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