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3 votes
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

User Explorer
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1 Answer

3 votes
A=$595×(1+.0475÷1)^3=$683.88
A=$12000(1+.0695÷1)^4=$15,700.17
User Maniraj Murugan
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