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Debbie has 4,000 in an account the interest rate is 15% compounded annually to the nearest and how much interest will she earn in 2 years

need answers fast please and thank you​

1 Answer

6 votes

Answer:

Explanation:

The formula you want is: fv=p(1+int/c)^(nc)

future value

principal

int

compound

years

fv=4000(1.04/4)^(16)=$4690.31

User Jason Toms
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