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23 December, 16:50

Use the given information to find amount A in the account earning compound interest after six years when the principal is 3,500. R = 2.29%, compounded monthly

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  1. 23 December, 17:44
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    A=p (1+i/m) ^mn

    A=3,500 * (1+0.0229:12) ^ (12*6)

    A=4,014.98
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