Answer:
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You are investing $6000 in an account earning 12% annual interest, compounded monthly.
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For this case we have the following expression:
For simplicity we follow the steps:
We apply distributive property to the terms within the parenthesis, bearing in mind that:
We add similar terms taking into account that equal signs are added and the same sign is placed, while different signs are subtracted and the sign of the major is placed.
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