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2 answers:
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Answer: C) $1951.53
<u>Step-by-step explanation:</u>
- A is amount accrued (final balance)
- P is the Principal (original amount deposited)
- r is the rate (in decimal form)
- t is the number of years
A=1500(1+0.068)⁴
= 1500(1.068)⁴
= 1951.53