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otez555 [7]
3 years ago
13

A grandmother deposited $4,000 in an account that pays 5% per year compounded annually when her granddaughter was born. What wil

l the value of the account be when the granddaughter reaches her 13th birthday?
Mathematics
1 answer:
Leya [2.2K]3 years ago
4 0
A = P (1 + r/n)^nt
A = 4000(1 + 0.05/1)^(13)(1)
A = $7542.59
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In a <em>normal distribution</em> with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

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For more on the normal distribution, you can check brainly.com/question/24663213

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