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Arlo invested $4000 in an account that earns 5.5% interest, compounded annually. The formula for compound interest is A(t) = P(1 +I)t? How much did Arlo have in the account after 4 years? A. $4955.30 B.
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Arlo invested $4000 in an account that earns 5.5% interest, compounded

annually. The formula for compound interest is A(t) = P(1 +I)t?
How much did Arlo have in the account after 4 years?
A. $4955.30
B. $4660.00
C. $16,880.00
D. $23,088.03

Arlo invested $4000 in an account that earns 5.5% interest, compounded annually. The-example-1
User Ncraley
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1 Answer

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The answer is A. $4955.30
Arlo invested $4000 in an account that earns 5.5% interest, compounded annually. The-example-1
User Egimaben
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