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maksim [4K]
3 years ago
11

3. Susan invested $10,000 in an account that earned 3% interest, compounded monthly.

Mathematics
1 answer:
alisha [4.7K]3 years ago
3 0

A) total = 10,000 *(1+0.03/12)^(12*t)


B) t = 5 years

10,000 *(1+0.03/12)^(12*5 ) = $11,616.17


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