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25 October, 23:52

Stans savings account has a balance of $1986 after 23 years, what will the amount of interest be at 4% compound annually

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  1. 25 October, 23:55
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    Savings account means that you are adding. Turn 4% into a decimal number and add 1. Put 23 as the exponent.

    1986 (1+0.04) ^23
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