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nekit [7.7K]
3 years ago
8

Banking question please help

Mathematics
2 answers:
iogann1982 [59]3 years ago
8 0

Answer: So 11 is $14560.63

Step-by-step explanation: Using the continously compounded interest equation and keep in mind that monthly for 4 years is 48 months so thats rate of time and 5.2% is 0.052 as a number

satela [25.4K]3 years ago
3 0

Answer:

Step-by-step explanation:

11. A=1200(1+\frac{0.052}{12} )^{48}

       =$ 1476.79(nearest cent)

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