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9 January, 14:27

Find the total amount in each account to the nearest cent if the interest is compounded annually.

1.) $595 at 4.75% for 3 years

2.) $12,000 at 6.95% for 4 years

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  1. 9 January, 14:53
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    A=$595 * (1+.0475:1) ^3=$683.88

    A=$12000 (1+.0695:1) ^4=$15,700.17
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