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15 May, 23:29

Samantha opened a savings account this morning. her money will earn 3.5 percent interest, compounded annually. after four years, her savings account will be worth $5,000. assume she will not make any withdrawals. given this, which one of the following statements is true?

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  1. 15 May, 23:57
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    5000=p (1+0.035) ^4

    P=5000/1.035^4

    P==4,357.21
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