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Mathematics, 12.03.2021 05:50 kfull7053
Find the total amount of money accumulated for an initial investment of $300 at an annual rate of 6% compounded annually for 4
years.
(Notice from the wording that this is a question about compound interest, not simple interest.)
(Note: Include a dollar sign in your answer)
Amount:
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Answers: 2
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Find the total amount of money accumulated for an initial investment of $300 at an annual rate of 6%...
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