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12 September, 08:57

Use the expression to solve the problems. P (1 + r) t

The amount that results when $4,000 is compounded at 6% annually over seven years.

The interest earned in this case.

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Answers (1)
  1. 12 September, 09:17
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    A=4,000 * (1+0.06) ^ (7)

    A=6,014.52

    Interest earned 6014.52-4000=2014.52
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