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Pavel [41]
3 years ago
11

You start a bank account with $100, that has an annual rate of 4%. Find the balance in the account at 12 years if there are no d

eposits or withdrawals
Mathematics
1 answer:
bonufazy [111]3 years ago
5 0
If it is not compounded continuously then it is...
origianal amount(1+rate)^time
100(1+.04)^12
100(1.04)^12
100(<span>1.60103221857)</span>
160.103221857
$160.10
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