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4 March, 13:18

How much I treat will be earned on a savings account that pays 8% compounded annually, if $16,000 is invested for 2 years?

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  1. 4 March, 13:19
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    400 dollers per year ...
  2. 4 March, 13:40
    0
    I=prt

    i=16000*8%*2

    i=16000*0.8*2

    i=25600
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