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26 August, 09:25

Cameron's grandpa opened up a savings account for him on his fifth birthday. They deposited $5000 in his account that had a simple interest rate of 6%. Carmen leaves money in the account for 18 years. What formula would you use to solve this problem

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  1. 26 August, 09:37
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    A=5000 (1 + (.6) 18)

    Solve for A, and there you are!
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