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kari74 [83]
3 years ago
11

mei invests $4667 in a savings account with a fixed annual interest rate of 5% compounded 6 times per year. what will the accoun

t balance be after 8 years?
Mathematics
1 answer:
jek_recluse [69]3 years ago
5 0

$6950.82, if you follow the formula P(1+r/t)^(n/t)

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