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14 February, 09:54

Find the balance in the account after the given period. $4000 principal earning 6% compounded annually, after 5 yr

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  1. 14 February, 11:47
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    A = P (1+r/n) ^nt

    A = 4000 (1+.06) ^5

    n = 1 since it is compounded annually.
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