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tatuchka [14]
2 years ago
13

$14,000 is deposited into a savings account with an annual interest rate of 4% compounded continuously. How much will be in the

account after 3 years? Round to the nearest cent. $15,784.96 $15,820.00 $43,714.05 $46,481.64 if you could could you please explain thank you.
Mathematics
1 answer:
Svetlanka [38]2 years ago
8 0
Option A = $15,748.096
Formula for compound interest = P(1+Interest Rate)^n
=> 14000(1.04)^3
=$15,748.096
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3 0
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Answer:

Step-by-step explanation:

Remark

My guess is that what is confusing you is not what you have to do, but why it is disguised as g(n)

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zero

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0      1       2       3      4

34  29     24     19     14

7 0
2 years ago
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