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18 January, 12:05

The amount that results when $4000 is compounded at 6% annually over seven years

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  1. 18 January, 12:10
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    Total = Principal * (1 +.06) ^7

    Total = 4,000 * (1.06) ^ 7

    Total = 4,000 * 1.503630259

    Total = 6,014.52
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