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3 years ago

14

Ariana invested $400 in an account paying an interest rate of 3.8% compounded monthly. Assuming no deposits or withdrawals are m

ade, how much money, to the nearest ten dollars, would be in the account after 11 years?

1 answer:

posledela3 years ago

5 0

Answer:

After 11years there'll be$602.880

Step-by-step explanation:

Amount after 11years

=$400(1+3.8/100)¹¹

=$602.880

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