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Mathematics, 02.03.2022 21:00 mallorytaylor279

Candice deposits $2,000 at 5% annual interest compounded yearly at a bank which uses the formula A = P(1 + r)^n where A is the current value; P is
the amount deposited initially; r is the rate of interest for one compounding
period, expressed as a decimal; and n is the number of periods, to determine
the current value of the account. Which of the following would be the
approximate value of the account after 10 years?

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Answers: 2

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