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Gelneren [198K]

3 years ago

9

You deposit $1500 in an account that pays 7% annual interest. Find the balance after 2 years when the interest is compounded dai

ly.

1 answer:

just olya [345]3 years ago

3 0

A = $ 1,721.28

A = P + I where

P (principal) = $ 1,500.00

I (interest) = $ 221.28

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