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KATRIN_1 [288]
3 years ago
12

Round 7864 to the nearest thousand

Mathematics
1 answer:
lawyer [7]3 years ago
3 0

Answer:8000

Step-by-step explanation:

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If $25, 000 is invested into an account paying 4.5% per year, compounded quarterly, how much money can be withdrawn from the acc
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The money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000

<h3>What is compound interest?</h3>

The formula for compound interest is given as;

A = P ( 1 + \frac{r}{n} )^n^t

P = principal interest = $25, 000

r = rate = 4. 5%

n = 2 months

t = 6 years

A = 25, 000 ( 1 + \frac{4. 5}{2} )^2 ^*^6

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2 years ago
What is the reason that m&lt;2 and m&lt;3 are supplementary
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see explanation

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